Understanding Corporate Collapse and Governance Practices

This document discusses the reasons behind corporate collapse in Australia and the financial crisis of 2007, and the importance of corporate governance practices. It covers the role of corporate governance in monitoring the actions of a company towards its stakeholders, the need for proper enforcement of guidelines, and the best practices in corporate governance. The document also highlights the changes in governance codes and regulations, and the importance of risk management and ethical standards in corporate governance. The document includes a reference list of relevant sources.