Dec
12
When things go wrong, the usual response from politicians is to bring in laws to restore public trust.
Sarbanes-Oxley is probably the most high-profile example of that, but it happens in other countries too. And as the SOX experience has shown, it just doesn't work. Despite all the investor protections, the public doesn't trust business, and bad things still happen.
Legislating for trust is no good. Indeed, it can even make things worse and I examine this problem in my piece here.
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