The pressure on regulators, industry bodies, and managers to improve practices has increased. Dominic O’Neill reports.
THE FINANCIAL CRISIS has exposed severe shortcomings in risk management and corporate governance worldwide. At times like this, with employees being laid off in thousands, chief executives and finance heads at corporations do not receive the kind of media praise they enjoyed in the boom.
Having withstood the credit crunch and the recession better than other parts of the world, Latin America is one region where the reputation of managers at banks and corporations has held up relatively well.
