Governance

This chapter examines various aspects of corporate governance that are fundamental to a proper understanding of fraud risks and sets out the key governance controls required to manage them. It includes an overview of the UK governance code and also the SOX (Sarbanes‐Oxley°Act) in the US. It examines the key attributes of an effective board of directors around competency and behaviour and counter‐points these with the threats posed by potential conflicts of interest and corruption at the top of business.