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Maxwell – The Failure of Corporate Governance
Author(s) -
Stiles Philip,
Taylor Bernard
Publication year - 1993
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/j.1467-8683.1993.tb00008.x
Subject(s) - corporate governance , accounting , business , maxwell's equations , political science , law and economics , economics , physics , finance , classical mechanics
This article examines a case of fraud – the Maxwell case – to assess the implications for corporate governance in Britain. The analysis of the case shows how Robert Maxwell was able to avoid the established network of regulations and controls. The authors then make a number of recommendations which suggest how this kind of fraud may be prevented in the future.