Across the international economic order, the early 2000s undoubtedly saw a quantum jump in the number of corporate scandals, shaking the very foundation of the free market economy principle. Corporate malfeasance, professional ethical misconduct, ethical egoism, greed and avarice on the part of corporate executives aided largely by information asymmetry, insider trading and speculative buying brought about the collapse of a number of corporate giants such as Enron in the most developed economies of the world such as USA, continental Europe, and Japan. Additionally, the fall-out from the recent global financial crunch added another dimension to the global corporate governance crises.
Download