Corporate Cooperation in the Context of Globalization
The article is prompting corporations to entertain the possibility of improving their governance in the face of the world's new economic and post-crisis conditions. It claims the recent global financial crisis has confirmed that two principles — transparency and accountability — are essential for a corporation's effective management. Furthermore, the company's governance framework should ensure that timely and accurate disclosures can be made on all of the corporation's material matters. These include financial position, ownership distribution and management techniques.