Financial Times / Mastery of Management Series
Contribution By Hank Boerner to the series:
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Focus on Corporate Governance
Lead Paragraph:The recent collapse of Enron has revived interest
in the subject of corporate governance. How are our large corporations run, by whom, and for
whose benefit? What obligations do they owe their shareholders, workers, customers and society
at large? While attention so far has tended to focus on Enron, many are beginning to argue that
corporate governance in general needs to occupy a more prominent position in our thinking.
In this article, Hank Boerner defines corporate governance, traces its origins back to the
early twentieth century, and discusses the issues that matter most today.