CORPORATE GOVERNANCE/COMPLIANCE RISKS
New corporate governance rules have markedly increased the responsibilities of boards and management, who now ignore compliance obligations at their peril. In particular, strict normative constraints have been imposed on boards, on the flawed assumption that structure and procedures determine behaviour. Were things that simple! Indeed, the interactions of the (often strong) personalities concerned are not always naturally aligned with the best interests of shareholders: a board whose group dynamics are dysfunctional - as happens - will fail in its fiduciary duties and its members take the risk of being sued. CG&C's corporate governance services are: