Ard, LauraBerg, Alexander2012-08-132012-08-132010-03https://hdl.handle.net/10986/10207Principles of good governance have been a major component of international financial standards and are seen as essential to the stability and integrity of financial systems. Over the past 10 years much energy and attention have gone to improving the ability of company boards, managers, and owners to prudently navigate rapidly changing and volatile market conditions. So, how to explain the events of 2007-08? Many of the recent problems can be traced to flawed implementation of good principles and to behavior prompted by increasingly short-term performance horizons.CC BY 3.0 IGOACCOUNTABILITYACCOUNTINGACCOUNTING STANDARDSADEQUATE DISCLOSUREASSET VALUESAUDIT COMMITTEEAUDIT COMMITTEESAUTHORITYBALANCE SHEETSBANK FAILUREBANK FAILURESBANK FOR INTERNATIONAL SETTLEMENTSBANKING SECTORBANKING SUPERVISIONBANKSBOARD MEMBERSBUSINESS RISKCAPITAL ACCORDCAPITAL MARKETSCEOCEOSCHAIRMAN AND CEOCHIEF EXECUTIVECHIEF EXECUTIVESCOMMUNICATIONS DEVELOPMENTCOMPANYCOMPENSATION PACKAGESCONFLICT OF INTERESTCONFLICTS OF INTERESTCONSENSUSCONSOLIDATIONCONTROLLING SHAREHOLDERSCORPORATE DECISIONSCORPORATE GOVERNANCECORPORATE GOVERNANCE CODESCORPORATE GOVERNANCE FRAMEWORKCORPORATE GOVERNANCE PRINCIPLESDECISION MAKINGDIRECT GOVERNMENT INTERVENTIONSDISSIDENT SHAREHOLDERSDISTRESSED BANKSDIVESTMENTDIVIDENDSEMERGING ECONOMIESEMERGING-MARKETEXCHANGE RULESFINANCIAL CRISISFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL REFORMSFINANCIAL RISKFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL SYSTEMSFUND MANAGERSGLOBAL CAPITALGLOBAL CAPITAL MARKETSGOOD CORPORATE GOVERNANCEGOOD GOVERNANCEGOVERNANCE FAILURESGOVERNANCE ISSUESGOVERNANCE PRACTICEGOVERNANCE PROBLEMSGOVERNANCE PROCEDURESGOVERNANCE SYSTEMSINCENTIVE STRUCTURESINCORPORATEDINDEPENDENT BOARDSINDEPENDENT DIRECTORSINSTITUTIONAL FRAMEWORKINSTITUTIONAL INVESTORSINSTITUTIONAL PERFORMANCEINSTITUTIONAL SHAREHOLDERSINTERNAL CONTROLINTERNAL CONTROLSINTERNATIONAL ORGANIZATIONSINVESTMENT APPROACHINVESTMENT BANKSJURISDICTIONSLARGE COMPANIESLAWSLEGISLATIONLIMITEDLIQUIDITYMANAGEMENT OVERSIGHTMINORITY SHAREHOLDERSOVERSIGHT PROCESSOWNERSHIP STRUCTUREPORTFOLIOPRESIDENCYPRIVATE COMPANIESPRIVATE SECTOR DEVELOPMENTPUBLIC POLICYRAPID GROWTHREGULATORSREGULATORY REFORMSRISK MANAGEMENTRISK MANAGEMENT PRACTICESRISK MANAGEMENT SYSTEMSRISK MEASUREMENTRISK TAKINGSENATESHAREHOLDERSHAREHOLDER ENGAGEMENTSHAREHOLDER INTERESTSSHAREHOLDER MEETINGSSHAREHOLDER RIGHTSSHAREHOLDERSSTAKEHOLDERSSTOCK EXCHANGESTOCK OPTIONSTRANSPARENCYTREASURYTURNOVERUNIONVETOVOTINGWRITEDOWNSWorld Bank10.1596/10207