Volcker critical of corporate governance failures

Former Federal Reserve chairman Paul Volcker has said governments are partly responsible for the scandals involving corporations such as Enron and WorldCom and that public scepticism has reached worrying levels.

Source: VOA News

The former head of the U.S. central bank says public skepticism about corporate mismanagement and poor government oversight has reached worrying levels. Paul Volcker, the former chairman of the U.S. Federal Reserve Board, says government takes some blame for the spate

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