While governance standards have been improved worldwide through regulation and voluntary codes of practice, the risks associated with weak governance have not been eliminated, according to a special report published by Standard & Poor's. These and other findings can be found in this week's issue of CreditWeek.
"Governance and accounting remain heightened areas of concern for investors and creditors, and it remains critically important for them to assess the often qualitative, intangible, and principle-based dimensions of governance and accounting," said George Dallas, managing director and global practice leader, corporate governance, Standard & Poor's. "We believe there is an ongoing need for market participants to remain engaged with corporate governance, and continue to monitor and advocate continued progress in this area."
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