Financial crisis and corporate governance (Kryzys finansowy a nadzor korporacyjny)

In the last two decades, the world has experienced a dramatic expansion of financial markets and a crisis. In this text, author identified causes of the financial crisis, arguing that its sources should be partly ascribed to the low efficiency of corporate governance in individual companies. Those areas of corporate governance that need improvement were highlighted, and, in particular, seeing how the OECD Principles of Corporate Governance might help or, indeed, how they could be improved in the light of recent experiences. Attention was drawn to the four elements that require change in the first place: remuneration, risk management, the role of the board as an effective monitor (particularly in the activities like risk management and remuneration), and the structure of the board, and then the role of shareholders rights.