Un­in­tended Gov­er­nance Chal­lenges For CEOs

Insurance - - COVER STORY - Text Navin Pas­richa | Chair­man | Columbus Cir­cle Gov­er­nance | navin@cct-global.com

THERE IS NO DOUBT THAT THE COR­PO­RATE GOV­ER­NANCE AR­RANGE­MENTS IN LISTED COM­PA­NIES HAVE BEEN IM­PROV­ING OVER THE YEARS, AND THERE HAVE BEEN A NUM­BER OF REA­SONS FOR THIS. FIRST, THE PREF­ER­ENCE BY IN­VESTORS TO PUT THEIR MONEY INTO COM­PA­NIES WITH GOOD TRANS­PARENCY, RATHER THAN OPAQUE COR­PO­RATE GOV­ER­NANCE AR­RANGE­MENTS, HAS FORCED COM­PA­NIES ALL AROUND THE WORLD TO IM­PROVE IN THIS AREA. SEC­OND, THE REG­U­LAR WAVE OF COR­PO­RATE SCAN­DALS OVER THE YEARS HAS CATAL­YSED REG­U­LA­TORS AND STOCK EX­CHANGES TO IN­TRO­DUCE MORE COM­PRE­HEN­SIVE COR­PO­RATE GOV­ER­NANCE LEG­IS­LA­TION AND REG­U­LA­TIONS TO IM­PROVE THEIR SUR­VEIL­LANCE METH­ODS.

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