Regulating Self-Regulation

As recent global stock market crashes have brought to light - particularly massive sell outs which were instigated in response to panics about the actual state of economic growth of strategic investment partners and emerging economies, nothing moves consumers and investors more than information uncertainty - fueled by lack of transparency, loss of investor confidence or suspicions related to inaccurate information disclosure. Whilst the structure of financial regulation played a role in the 2008/2009 Financial Crisis, particularly reflected in responses of many leading economies which adopted unified financial regulatory structures - in response to changing environmental factors and global developments such as conglomeration and globalization - as well as the need to address the increased impact of risk in regulation, and the rise of shadow banking, many other factors and dynamics appear to be operating in recent stock market crashes at Wall Street and global stock markets. As well as highlighting how corporations and enterprises, national or multinational, can be effectively engaged in entrepreneurship and innovation, as a means of fulfilling corporate social responsibility goals and objectives, this book is aimed at proposing means whereby auditors, and particularly, external auditors could more effectively, fulfil corporate governance roles through effective implementation of local, regional, national and internationally recognized codes, regulations, and standards. This book also highlights the impact of asymmetric information on levels of monitoring procedures, how conflicts of interests which could arise between corporations and their shareholders, or between governments and those firms being regulated by the regulator, could be addressed. The book is also specifically targeted at accentuating the need for the operation of certain vital safeguards, given the merits that are, and could be derived from self governance and self regulation.