Corporate governance is a topic dominating business headlines around the world. Corporate scandals, precipitated by alleged accounting practices that included padded and/or manipulated earnings, masked expenditures, off-the-books personal loans and questionable off-balance sheet partnerships, are at the core of the crisis of faith in corporate governance. Investor confidence has been shaken, and in the US, class-action lawsuits against corporations and their officers and directors have ensued.
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