incentives at companies that promote excessive risk taking
proper oversight by the board of directors
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Introduction Weak CG is a common thread found in many company failures. A lack of proper oversight by the board of directors, inadequate protection for minority shareholders, and incentives at companies that promote excessive risk taking are a few examples of problems. Poor corporate governance practices have been cited as significantly contributing to the 2008–2009 global financial crisis.
In response to these company failures, regulations
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