Corporate Governance in the Aftermath of the Global Financial Crisis, Volume IV

CHAPTER 1

Corporate Governance, Performance, Evaluation, Accountability, and Reporting

Introduction

Corporate governance has evolved in the best decade as primarily a compliance process to its integration into the corporate culture and business environment. In the aftermath of the 2007–2009 global financial crisis, countries worldwide have taken initiatives to improve their corporate governance by establishing more robust corporate governance measures to enhance performance, promote economic stability, public trust, and investor confidence in their financial reporting. Good corporate governance also implies the need for a network of monitoring and incentives set up by a company to ensure accountability of the board and management to shareholders ...