Is corporate governance being used to resolve the agency problem and shift companies to new organisational models? Recent reforms suggest this is happening, even if it is not intended—and the future looks teal.
To a certain extent, corporate governance is no longer treated only as a legal matter dealing with structures and procedures, but is increasingly perceived as leverage to serve other objectives.
In previous years, regulators have used corporate governance as a tool to accelerate, or force, societal changes. This was the case with gender diversity and the willingness to promote women in decision-making bodies. If the results are going in the right direction at board level, the impact at management level is still to be seen.
Nowadays, it seems that regulators are using corporate governance to serve political purposes. A good example comes
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