Does bad corporate behavior lead to poor financial outcomes? Corporate governance failures have been easy to spot in recent years, with business headlines dominated by corporates that have failed to ensure they are run according to robust rules, guidelines and strategies. With companies held under much more scrutiny by their various stakeholders – not just limited to owners and shareholders, but also extending to their employees, the general public and beyond – there is more pressure on boards and management to have a watertight system of practices to achieve their objectives. Investors have been leant increasing powers to influence corporate