Regulating corporate governors : rethinking board responsibilities and liabilities

Corporate governance is not a new concept. Time and again bad governance has seemed to be complicit in corporate failures, creating much fanfare and misconception about this issue. The emergence of competing theories by various disciplines has given rise to a saturation of the term and an obscuration of the real meaning of governance. Some consideration is required concerning how to improve corporate governance through a re-examination of some of the assumptions underpinning the current law within the context of how boards are governed in practice.