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Essay text:
Wolfensohn, president of the Word bank, quoted by an article in Financial Times in June of 1999 that "corporate governance is about promoting corporate fairness, transparency and accountability."
"Corporate Governance looks at the institutional and policy framework for corporations - from their very beginnings, in entrepreneurship, through their governance structures, company law, privatization, to market exit and insolvency. The integrity of corporations, financial institutions and markets is particularly central to the health of our economies and their stability." (www.oecd.org)
What does this all mean and how does it affect the business world today is what may be asked...
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