Title

The checks and balances of good corporate governance

Date of this Version

11-1-2009

Document Type

Journal Article

Publication Details

Lessing, John (2009). The checks and balances of good corporate governance. Corporate governance ejournal, Nov-2009.

Access the Journal

2009 HERDC submission. FoR code: 1801

© Copyright John Lessing, 2009

Abstract

Good corporate governance requires a range of regulatory checks and balances - or mechanisms - to be effective. If one mechanism fails, the system will fail like a chain with a weak link. This article provides an overview and brief explanation of the main checks and balances a country needs to have a good corporate governance system. It is of particular relevance to countries with transition economies. However, it is also important in developed countries as recent corporate collapses and failures in the financial system have illustrated.

 

This document has been peer reviewed.