Reasons for Recent Interest in Corporate Governance
Sibiya Kudzanai, Manager, Zimbabwe, Member
The collapses of large organizations such as Worldcom, Enron, etc. and more recently several banks due to the financial crisis, as a result of corruption and mismanagement of these organizations and lack of supervision by public institutions, has resulted in more attention to corporate governance with the intention to minimize these collapses.
These collapses have far reaching economic and social consequences such as loss of millions of jobs, income and deterioration of living standards.