Summary: Towards Substantive Governance

Abstract

In this book we have presented the central issues that impact corporate governance, with a particular focus on the need for appropriate responsibility, control, and ethics. We have noted some of the theoretical and legal structures that define the modern corporation, the interests that need to be served, and the problems that can occur when processes fail. We have also discussed certain remedies that companies and external parties can consider in order to minimize the possibility of future governance problems. Ultimately, of course, governance requires a migration from theory and concept to execution. The successful corporation must develop and implement a meaningful governance plan. Regulators and governmental authorities must do their part too, fostering meaningful and robust regulations, laws, and market mechanisms.