Advocates of corporate governance reform have found their case strengthened by still more corporate scandals over the past year. While disputes have raged over the alleged wrongdoings of dominant shareholder Conrad Black at Hollinger, UK regulators have fined Shell £17 million ($30.5 million) for misstatements relating to its oil reserves. Such events have contributed to the reformist drive that has gripped countries as diverse as Canada, India and Australia.
September 30 2004