Editorial(PDF Format - 90 KB) The sequence of papers in this Summer issue runs from governance to
management development to strategy and marketing. The first two papers offer scholarly provocation, suggesting simple expectations about good governance and the effectiveness of goal setting in management education may be misplaced. First, Kaouthar Lajili and Daniel Zéghal in 'Corporate governance and bankruptcy filing decisions’ show in a closely argued analysis of governance in financially distressed US companies between 2001 and 2003 that corporate governance is a complex and multi-faceted concept where various elements interact. Despite drawing on agency theory and resource dependence theory to produce some plausible propositions relating good governance to reduced likelihood of financial distress and bankruptcy filings, not all of the propositions are supported. For example the impact of CEO turnover and the independence of independent directors is not a simple matter. Thus although the recent financial crisis and failure of US and UK banks might seem to call for urgent action to improve governance the authors believe more research is needed before new well founded regulation could be recommended…
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