Issues in Corporate Governance

• The field of research into corporate governance has grown in the wake of the corporate failures and public excesses of the 1980's and 1990's -although corporate failure and excess is nothing new
• Corporate governance is the system by which these incorporated companies and Trusts ought to be controlled and directed
• At the heart of the governance system is the concept of accountability to others, which is similar to a journey in which accountability before God is our ultimate destination
• Governing is not the same as running or managing an organization - it requires a completely different set of skills and often the wisdom of Solomon!
• One aspect of the corporate governance story is the continuing struggle to regulate corporations from the outside, often in opposition to them