Corporate Governance Failure: School of Business, University of Dundee

This report, prepared for the University of Dundee's BU51001 course, comprehensively analyzes corporate governance failure. It examines the role of family ownership in exacerbating governance issues, referencing the case of El Corte Ingles, and the impact of the UK Corporate Governance Code, specifically the 2018 version, on preventing failures, drawing on the work of Elsayed et al. (2022). The report delves into fraudulent financial reporting techniques, as outlined in U.S. Statement on Auditing Standards (SAS) No. 82, and investigates how board characteristics, as discussed by Uzun et al. (2004), influence the occurrence of corporate scandals. Furthermore, it critically evaluates the role of institutional ownership in corporate scandals, referencing Pucheta‐Martínez & García‐Meca (2014), and explores the relationship between corporate social responsibility (CSR) practices and corporate scandals, referencing Li et al. (2021). Finally, the report synthesizes these findings to identify key factors contributing to corporate governance failure, offering a holistic view of the complex issues involved.