The common assumption is that the supposedly simple term, corporate governance, should be common knowledge. But often when during my talks to audiences which generally comprised chief experience officer (CXOs), company secretaries, chartered accountants and other professionals, I have asked what is their understanding of corporate governance, their responses have been varied.
The predicament of the term is somewhat like the word “wealth”. In the preface to his book Principles of Political Economy, John Stuart Mill writes, “Everyone has a notion, sufficiently correct for common purposes, of what is meant by wealth”, and yet he observes in the same breath
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