How important is corporate governance?

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Corporate governance remains in focus given recent events like leadership shakeups at OpenAI and Elon Musk’s X acquisition, formerly known as Twitter. Diligent CEO Brian Stafford says governance evolution has “changed quite materially,” intensifying in the past five years.

Regarding OpenAI specifically, Stafford suggests the situation showed risks when investors back companies lacking established oversight systems. He emphasizes properly composed, functional boards with governance controls provide stability that shareholders value.

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