What happens when gadflies become mainstream?
Over the past 20 years, corporate governance has evolved from a noisy, often dismissible, gadfly movement into a mainstream corporate activity. Market players now recognize it as an enabler of value creation, and regulators see it as a pillar of business integrity. As investors, we’re all in favor of that. But compliance officers now have to bear the brunt of unintended, and possibly unwanted, consequences of governance gone mainstream.
Some, like mindless tick-the-box compliance masquerading as corporate governance, have been analyzed deeply in the pages of Compliance Week and elsewhere. But ...