It was interesting to review with you this week the major governance issues that we're facing today, and how many of the new rules came out of the Enron collapse. As we've seen, there is no single answer in the search for good governance.
We'll be continuing to explore these governance questions as we move towards the "ethics" part of our course in the upcoming weeks. To go deeper into the governance question, here's an interesting opinion from the Dean of the Rotman School of Business who questions "Why Good Boards Aren't There When You Need Them?"
More evidence of how important governance issues are in the business world today comes from classmate Jean-Olivier Dalphond of the C03 group who sent this link to an Economist article on "Mickey Mouse Governance" at Disney.
Also, here is the full text of the 2001 “Joint Committee Report” on corporate governance in Canada led by Ms. Guylaine Saucier: As we discussed, this report represents an example of the “voluntary” approach to governance issues.
For those who are interested, I've also posted on ZoneCours (in the Session 2 section) the complete files of some of the Enron tapes that we heard in class. Warning: The language in these recordings is quite offensive.
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