by: Tobriner, Matthew
Source: The Foundation for Enterprise Development
In the wake of the most recent wave of ethics, fraud, and avarice problems that have been discovered in some U.S. corporations, there has come a surge of concerns, legislation (Sarbanes-Oxley), and self-regulation—all meant to help improve the quality of 'corporate governance.' Unfortunately, it seems that the 'technology' of fraudulent financial engineering is generally a step ahead of regulators and those charged with preventing it, and that the power of greed frequently trumps the fear of discovery or the desire to do the right thing for corporate stakeholders.
Link: Corporate Governance in Employee-Owned Companies
Publication Date: 2007-10-01