After the scandals at WorldCom,Tyco,and Enron,in which company employees lost millions of dollars and their nest eggs,there was less concern for corporate governance and more interest in the development of corporate social responsibility.

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Corporate governance is the system of governing a company so that the interests of corporate owners and other stakeholders are protected.After the Enron and other scandals,there was a resumed interest in what is known as corporate governance.

After the Scandals at WorldCom,Tyco,and Enron,in Which Company Employees Lost