The silence of the boards

Business leaders talk piously about it. Regulators have codified it into a list of dos and don’ts. Various government departments and state-funded organisations have wanted to set up departments of excellence and institutions around it. As a choice of seminar topic, it usually goes very well. It has extended the agenda of professional institutes and has even been a global movement of sorts. “It” is corporate governance. And, like all other do-gooding ideas, it is often in and out of fashion.

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