Supervision of capital companies after the financial crisis
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Abstract
The depth and severity of the financial crisis that began in 2007 has opened the debate on the institutions that govern the capitalist system. Our work is a review of the major reforms that have been addressed, although we consider that many of the solutions are not in their substantial redesign but in their effective functioning. The regulation should clearly define the principles that are supposed to be observed, and should create structures to guarantee their validity, perhaps abandoning a regimented style whose spirit, as a result of the rapid evolution of the business world, can be easily circumvented. Among these structures, we consider the proper functioning of these entities because this constitutes the first “trench” where these risks can be avoided. On the other hand, given that these entities manage resources that belong to society in general and that, within society, the investors reward the ethical behavior of enterprises, the role of the stakeholder in decision making is becoming more and more evident.
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