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Over the past 10 years several high-profile incidents of corporate failure and managerial misconduct have put the mechanisms for governing complex organisations under scrutiny. Given new regulations, such as the Sarbanes-Oxley requirements (2002) in the US, and the traditional audit-driven approach to governance, there is a risk of boards concentrating almost totally on compliance issues.
View the guidance available about internal controls
Over the past 10 years several high-profile incidents of corporate failure and managerial...