International companies are facing their worst crisis of confidence for several decades. The recent crop of bankruptcies has revealed much more than failed strategies: the governance of some corporations is fundamentally lacking.
Right now, companies should be concentrating on recovery and rebuilding profits following a couple of years of sluggish growth. Instead, they are under pressure from governments and regulators to carry out internal reforms. Talk to a chief executive offer these days and, whatever the starting topic, the conversation invariably gets round to corporate governance and what needs to be done.
