The economic crisis and prolonged global downturn and uncertainty have placed immense stress on organisations, and added greater demands and pressures on boards with demands for increased regulation and legislation. The economic crisis and prolonged global downturn and uncertainty have placed immense stress on organisations, and added greater demands and pressures on boards. There have been demands for increased regulation and legislation, especially in regard to governance, transparency, sustainability and accountability. The personal values and ethical aspirations of board members are implicit in good corporate governance. When we assess the financial crisis and the corporate scandals that have rocked our world in recent decades, in retrospect it appears board members were fiscally irresponsible and negligent in their fiduciary duties. Ethics without the courage to stand up for them and to act in accordance with one's beliefs keeps proper corporate governance in the r...
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