How Corporate Governance Failures Contributed to the 2007-2008 Financial Crisis
Introduction: Understanding the Link Between Corporate Governance and Financial Stability The 2007–2008 financial crisis, one of the most devastating economic downturns since the Great Depression, exposed significant vulnerabilities within global financial systems. While numerous factors contributed to the crisis—including subprime lending, complex derivatives, and credit default swaps—failures in corporate governance played a central role in […]