ABSTRACT
One of the fastest ways to lose a corporate reputation is enduring a disaster in corporate governance. This chapter provides a brief review of the attempts to reform corporate governance and disclosure, and an outline of the intermediaries who monitor and report on corporate governance. It analyses recent celebrated corporate governance disasters, where corporate reputation was fatally wounded by irresponsible behaviour and practices. The chapter examines the causes and consequences of the global financial crisis, and focuses on the lessons for corporate reputation. There are many explanations for the recent sustained and intense interest in corporate governance including the growth of international capital markets, the scale of the multinationals, the increasing proportion of individual wealth held in securities with the development of vast investment institutions, and the dawning awareness that if these investments are to be secure there must be effective monitoring and higher standards of corporate governance.
