Corporations today are based on "agency capitalism" rather than "shareholder democracy".

History is clear that as an empirical matter, booms induce fraud and swindling.

“Independence” is a central corporate governance idea in the discussions of the Sarbanes-Oxley era. But have the SEC, public companies, mutual funds, stock exchanges, accountants, and proxy advisers gotten carried away by the pursuit of independence? What are its limitations and does it interfere with other essential elements of governance,...

February 2006'sFinancial Services Outlook outlines an optimal plan for corporate governance.

Since no banker, or regulator, or politician, or fund manager, or rating agency, or accountant, or economist can know the future, the long historical series of financial mistakes called bubbles and busts is bound to continue.

This event will discuss the role Sarbanes-Oxley played in the financial crisis.

The Financial Crisis Inquiry Commission issued its majority report in January 2011, stating that the 2007-2010 crisis was "avoidable" and caused by widespread failures in financial regulation. Commission member Peter Wallison disagreed.