ABSTRACT
Organizations in modern economies were granted extraordinary privileges allowing them to participate effectively in social and economic human advances. Unfortunately, abuses were quickly emerging and becoming more and more unbearable and subject to many citizens virulent denunciations and desperate protests. They also proved to be extremely detrimental to economic growth and social development. Not only were they of a doubtful morality, but they also seemed to be questioning the free enterprise system basis. The most notable abuse resides in weak corporate governance (CG) initiated under the cover of false transparency and misused regulated financial reporting. We would obviously like to think that the majority of our corporations aspire to a faultless behavior and that their advisers, lawyers, etc. do not see themselves as simple legality traders for payment, allowing the respect of the letter of the law, but disregarding its spirit. Unfortunately, in the field, little is already too much and it was thus necessary to act and quickly, given that recent corporate misconducts have proven to be extremely dangerous for all.
