...The credit crisis has focused a great deal of scrutiny by investors, the media, governments and others on failures in corporate governance, in particular lax board oversight of risk management and ex ecutive compensation practices that encouraged excessive risk-taking. While the primary focus has been on governance deficiencies at banks and other financial institutions, Moody s believes the credit crisis will re-emphasize the im portance of good corporate governance for both financial institutions a nd corporates worldwide. This special comment outlines the near-t erm and long-term implications of the credit crisis for the key corporate governanc e areas that we consider to be most readily observable and measurable for investors going forward (albeit with challenges): ...

Report Type: Special Comment
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 Moody's Global Credit Research
Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.