Records management

NED Club to improve corporate governance

A year-and-a-half after the Folli Folie scandal broke, tainting the reputation of Greek business internationally, the market itself has created a new entity with a mission to promote good corporate governance and entrepreneurship. The Non-Executive Directors' Club in Greece, or NED Club, was launched at an event at the British ambassador's residence in Athens on Monday night.

Necessary catharsis

Among the many things that Greece needs to leave behind in its bid to get back on track in the post-bailout era is the buccaneering nature of businessmen who would openly shun any regulations concerning corporate governance and violate basic codes of morality.