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Within the past decade, the concept of corporate governance has played an ever increasingly significant role in enhancing the competitive power of global financial markets. One of the most important underlying factors behind the cause of both the recent financial crises and recent company scandals that broke out across the world can be attributed to the inadequacy of sound corporate governance Principles by both the public and private sectors. As a result, the concept of corporate governance has gained increased attention from all around the world. Developed nations, international financial organizations and major financial institutions have all increased their focus towards improving corporate governance practices and have underlined the need to evaluate and observe the quality of corporate governance practices in developing nations before deciding whether to invest in or provide credit to developing nations and/or financial institutions within developing nations. Please click the link below for the rest.
Statement of Compliance to the Corporate Governance Principles
