The study of corporate governance is a relatively modern development, with significant attention devoted to the subject only during the last fifty years. However, in recent years, awareness of issues and/or shortcomings in the governance of public and private, large and small, for-profit and not-for-profit organisations has become more widespread and, very often, almost instantaneous through social media. This has placed, and is placing, increasing pressure on company directors as they seek to guide their organisations through competitive maelstroms.

Based on research...