Abstract
With the increasing liberalization and globalization of all economies, there is a worldwide recognition of higher freedom and role for corporations and managers, on the one hand, and consequently, the need for better governance, on the other. In this paper, we shall look at a three-step process for transforming corporate governance:
1. Laws for minimum good governance.
2. Competent entrepreneurs, professional managers and their dedicated leadership for better governance.
3. Business values and ethics for superior governance.
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