12.01 It should have been strange to wonder whether corporate governance had anything to do with the financial crisis of 2007–08. Did we not have a governance crisis just six years before that has led to an enormous regulatory boost in the field of corporate governance, both in the United States and in Europe? Were the regulatory measures taken misguided or simply not enough to tackle the governance problems? Whatever the answer to these questions, the EU Commission is now considering to pile more governance regulation upon financial institutions and listed...
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