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The IASB and the Failure of Corporate Governance

In: A Multi-Gear Strategy for Economic Recovery

Author

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  • R. A. Rayman

Abstract

Business corporations tend to get a bad press as bully-boys of the economic world. They are favourite targets of anti-capitalist protest. One outcome of the recent turmoil in the banking sector is increasing popular concern over the issue of corporate governance in general and “conflict of interest” in particular. A major part of the problem is that financial theory has become so toxic that the degree of public accountability necessary to bring corporate bodies within the control of market forces does not exist.

Suggested Citation

  • R. A. Rayman, 2013. "The IASB and the Failure of Corporate Governance," Palgrave Macmillan Books, in: A Multi-Gear Strategy for Economic Recovery, chapter 9, pages 79-96, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-30452-0_9
    DOI: 10.1057/9781137304520_9
    as

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