power
• Ethical society responsibilities of directors and large investor "owners"
• Independence of audit, nomination and remuneration committees?
• "Duty of curiosity" by directors to ask very awkward and sensitive questions
• Improving quality and flow of information within a corporation's governing structure
Free market ideology was that corporations were kept responsible to customers, shareholders, workers and society by customer and investor behaviour, seen in share price. Millions of individual "voters" in the market place ensured they behaved. "Bad" corporations were punished by selling. "Good" corporations" were rewarded by buying. "Market forces will sort it all out". This ideology weakened the idea of corporate governance and accountability.
WHY WE STILL CAN'T TRUST THE NUMBERS
• Conflicts of interest remain in all audits even where consulting links
...