14 November 2014
Best practice might not always be the right choice
The phrase ‘best practice’ sounds reassuring. It suggests an ideal, the result of careful consideration of all options. Best practices are the bedrock of corporate governance. Whether presented as guidance or laws, they bring together years of knowledge and experience about the optimum way to govern an organisation. They provide a helpful benchmark for directors, investors and other stakeholders.
Best practices are considered crucial to success because the capital markets are interested in...