Maxwell – The Failure of Corporate Governance

Authors

  • Philip Stiles,

    1. Philip Stiles was formerly a journalist and is now a researcher in corporate governance at the Henley Management College, Greenlands, Henley-on-Thames, Oxon, England where Bernard Taylor is Professor of Business Policy at Henley. He is also the Editor of The Long Range Planning Journal.
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  • Bernard Taylor

    1. Philip Stiles was formerly a journalist and is now a researcher in corporate governance at the Henley Management College, Greenlands, Henley-on-Thames, Oxon, England where Bernard Taylor is Professor of Business Policy at Henley. He is also the Editor of The Long Range Planning Journal.
    Search for more papers by this author

Abstract

This article examines a case of fraud – the Maxwell case – to assess the implications for corporate governance in Britain. The analysis of the case shows how Robert Maxwell was able to avoid the established network of regulations and controls. The authors then make a number of recommendations which suggest how this kind of fraud may be prevented in the future.

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