Rules Are Not Enough: The art of governance in the real world

Governance is receiving a lot of attention at the moment. In every recession and after every corporate collapse there's a determination to learn the lesson this time, so it's not surprising that corporate governance is again in the spotlight, and the usual questions are being asked. What is the role of the director? Should there be more, less or better regulation? How should remuneration of executives be set? To whom should directors be accountable? And the scandal of MPs' expenses is a gov...