Corporate governance and the global financial crisis: The regulatory response
- SAGE Publications Ltd
- Publication Type:
- The SAGE Handbook of Corporate Governance, 2012, 1, pp. 556 - 584
- Issue Date:
Corporate governance regulation invariably follows the business cycle. In times of crisis and collapse there is public pressure to increase regulation in order to prevent 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.
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