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THE COLLAPSE OF Enron has forced investors to accept that disasters caused by poor corporate governance aren’t the preserve of developing markets. It has also triggered a flood of legislative and regulatory changes and codes of conduct across the developed and emerging worlds to improve systems for ensuring that public companies are run properly in shareholders’ interests.
But will such codes really improve matters? Will investors accept their share of responsibility for ensuring good governance and will companies that do the right things benefit in the capital markets?
As a contribution, Euromoney offers its own survey of corporate governance standards at leading emerging-market companies, benchmarked against some leading names from the developed world.
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