Few people would disagree that the proper functioning of a modern economy requires there to be an effective system of company law and a fair framework of corporate governance.  Historically, company law has concentrated on regulating the dynamic relationships between directors, employees, shareholders and creditors.  But, in response to the recent cascade of high-profile financial scandals, the focus of company law has shifted. Law-makers are now addressing the challenge of establishing new mechanisms to enhance the effect and the effectiveness of corporate governance. It is clear that, to be effective in this task, the key values needed are: ethical awareness, […]