Thursday, July 21, 2005

Strengthening Governance and Regulatory Compliance


Bold ambitions, careful choices. In recent times there has been a paradigm shift in many economies in the way that corporate governance, business ethics and compliance are approached. It is a shift that continues to be driven by demanding performance expectations, increasing stakeholder demands and growing public scrutiny after some spectacular failures around the globe.

Potentially, this is a highly positive development. An investment environment places a premium on solid performing businesses that are well-managed, conferring a competitive advantage on businesses that create and maintain a culture of "integrity-driven performance". However, it is also the case that managing the shift to this new level is not simple. It presents serious challenges not only for business, but for governments, regulators, investors and other stakeholders.

See full Article.