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The role of boards in preventing economic crime

Leo Goldschmidt (Chairman, Corporate Governance Committee, APCIMS‐EASD)

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 1 October 2004

Abstract

Reviews the progress in implementing better governance in companies worldwide; company boards have a vital role to play in this. Examines how the typical board functions in a commercial company, including the interests that make it up: shareholders and other stakeholders, executives and independents. Stresses the importance of defining the board’s role in order to increase its awareness of its responsibilities. Outlines principles for ensuring the board’s quality, including the independent members, who are especially well placed to evaluate objectively and frankly the decisions of their colleagues who are actually running the company.

Keywords

Citation

Goldschmidt, L. (2004), "The role of boards in preventing economic crime", Journal of Financial Crime, Vol. 11 No. 4, pp. 342-346. https://doi.org/10.1108/13590790410809284

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited