The Global Financial Crisis of 2008

A Critical Analysis of the Failures and Weaknesses in the Corporate Governance Arrangements


Submitted Assignment, 2023

19 Pages, Grade: 72


Abstract or Introduction

The 2008 Global Financial Crisis was a devastating economic event that affected the whole world. It exposed several flaws and weaknesses in the corporate governance arrangements of financial institutions, which failed to prevent excessive risk-taking and ensure effective oversight. This essay critically analyzes the statement by Grant Kirkpatrick that the financial crisis can be largely attributed to failures and weaknesses in corporate governance arrangements. It reviews the relevant literature on corporate governance and the Global Financial Crisis, and examines the role of risk management as a key component of corporate governance. It evaluates the merits and demerits of Kirkpatrick’s argument, and considers the alternative perspectives and explanations for the causes and consequences of the crisis. The essay concludes that corporate governance was indeed a significant factor in the 2008 Global Financial Crisis, but not the only one. It also suggests some implications and recommendations for improving corporate governance practices in the future.

Details

Title
The Global Financial Crisis of 2008
Subtitle
A Critical Analysis of the Failures and Weaknesses in the Corporate Governance Arrangements
College
University of East London
Course
INTERNATIONAL CORPORATE GOVERNANCE
Grade
72
Author
Year
2023
Pages
19
Catalog Number
V1420489
ISBN (eBook)
9783346973375
ISBN (Book)
9783346973382
Language
English
Keywords
2008 Global Financial Crisis, Corporate Governance, Risk Management, Financial Institutions, Grant Kirkpatrick
Quote paper
Brian Khisa (Author), 2023, The Global Financial Crisis of 2008, Munich, GRIN Verlag, https://www.grin.com/document/1420489

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