Corporate governance and the global financial crisis: The regulatory response

Publisher:
SAGE
Publication Type:
Chapter
Citation:
The SAGE Handbook of Corporate Governance, 2012, 1st, pp. 556 - 584
Issue Date:
2012-01
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Corporate governance regulation invariably follows the business cycle. In times or crisis and collapse there is public pressure to increase regulation in oreler to prevenl similar problems occurring in future. When the economy is booming, serious consideration of corporate governance regulation is confined to the desks of company secretaries, regulators and interested academics. This is not to say that corporate governance practices are abandoned in good times, only that the status quo is accepted and there is less impetus for review and improvement (Clarke, 2004).
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