Allegations of poor corporate governance practices at U.K. retailer BHS has led some to call for greater oversight of private companies, but governance specialistsand even legislatorssay that instead of more regulation, the focus should be on improving corporate culture.
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Read the full article at: http://blogs.wsj.com/riskandcompliance/2016/08/10/governance-at-private-cos-best-tackled-by-changing-culture/