TILEC - Economic Governance and Legitimacy

European Corporate Governance Training Network

Corporate governance scandals in the United States and Europe, some of which have triggered the largest insolvencies in history, have caused a crisis of confidence in the corporate sector. As a result, corporate governance has entered the vocabulary of not only of researchers but also of pension fund beneficiaries, employees of all ranks, chief executive officers and Prime Ministers.

Improving corporate governance is now recognized in most countries and policy circles to have first-order macroeconomic consequences and has become a mainstream concern.

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