This book is for anyone who wants to know what truly lies behind the scandals and disasters of global business which marred the first few years of the 21st century. It examines why companies fail, finding the reasons few, yet all too common. It also explores what the prudent investor, board member or manager should be alert to but often is not.

A collection of stories about how inadequate governance and flawed culture caused massive destruction of shareholder value. In-depth case studies look at the Libor scandal, the Co-op, Kids Company and others, asking what have we learned and how to prevent these disasters in future. It also looks at Corporate China and the Lixel and Glaxo frauds.