The Recurrent Crisis in Corporate Governance

Since the mid-1980s two crises have overtaken governance of the American corporation - the loss of competitiveness in the 1980s and the loss of investor trust in financial management in the late 1990s.

De la mijlocul anilor 1980, doua crize au afectat guvernanta corporatiilor americane - pierderea competitivitatii in anii 1980 si pierderea increderii investitorilor in managementul financiar la sfarsitul anilor 1990.