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How corporations are governed has enormous impact on sustainability & profitability. So how do global firms assess risks & liabilities in a world of multiple, often contradictory, governance regimes? “What is legal in one country,” says, Stetson Law Professor & expert on corporate governance Ciara Torres-Spelliscy, “may be illegal, even criminal, in another.” Take political spending vs shareholders rights: A US CEO can give shareholder money to any politician s/he chooses,while a UK board is liable for unauthorized expenditure. How do you define business judgment? Bribery? Disclosure/Transpar
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