Good Governance - the missing link

The binge is long gone; the inevitable clean-up is well under way. Courts are working through the backlog of failed finance company litigation; the new market regulator has an appetite for pursuing corporate wrongdoers, and legislators are busy with the Financial Markets Control Bill and its 700 clauses which seek to reform the behaviours, accountabilities and liabilities of market participants.

Forgotten in the mix is a whole-of-organisation focus and reform the domain of corporate governance - which identifies the mechanisms and relationships essential for an effective, responsible, sustainable company.

But first things first. Legal responses to market failure are both healthy and necessary, and go a considerable way to reclaiming the ground lost to the scandalous behaviours and self-destruction of our financial services sector ... READ MORE

John Horsley, FCIS - NZLawyer - 1 June 2012