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Enforcement of corporate governance

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The CEO of a 200-year-old European bank with head office in Hong Kong had a meeting to determine the job specification for a new head of corporate governance.

The meeting included three executives:

1. The CEO who wanted an executive who would work effectively to minimize compliance risk, be harmonious and help to sustain profits.2. The head of HR, who wanted an ethics/principles motivated person who would role model behaviorfor junior staff.3. The head of operations, who wanted a strong 'black letter' policy and procedures manual with "DO", and "DO NOT" stipulated.

Discuss the different views with respect to enforcement of corporate governance, indicate with which view you agree and discuss it.

Reference no: EM133039144

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