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Overview:
Burned by Enronesque accounting scandals, investors and governments are imposing rigorous reporting requirements to keep companies on the straight and narrow.
These reactions are a symptom of a fundamental force in the economy: a crisis of trust among stakeholders of corporations. Stakeholders are not only a company's shareholders, but also customers, employees, business partners and communities, and in recent years their trust has been profoundly shaken. Naturally, they are now trying to protect themselves, often via legislation.
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| Format: | |
| Date: | Sep 2007 |
| Pages: | 11 |
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