Enron, WorldCom, HIH, Qantas NZ, etc-Corporate governance failure!

Introduction One of the very first concerns of the recent international publicity has been stressed in the context of corporate governance failure since collapses and scandals occurred at some famed multinational firms like Enron, WorldCom, HiH, Tyco, Adelphia etc. over the past 2 years. These corporate events that took place in the range of worldwide has made globe stock markets suffered and seriously impacted the world's financial foundations and investors' confidence. To seek solutions of the …

…good and bad. Namely, on the one hand, corporate governance failure has become a global eddy -and New Zealand is no exception. On the other hand, so far there is no apparent evidence reflects that poor corporate governance is widespread in New Zealand. In order to keep or improve this status quo, it is significant for authorities and board of directors to reach cohesion between compliance with the governance code and construction of board itself.