Since the 1980s, worldwide corporate governance issues have attracted much media attention. Issues like corporate fraud, corporate failure and collapse, abuse of management power, excess of executive remuneration, and corporate social and environmental irresponsibility have all been topical in media reports, public forums, academic debates, governmental policy and regulatory agendas. Nevertheless, many of these corporate governance issues would not have been so prominent and exposed, had it not been for the global financial crisis of 2007–10. Many scholars, policy analysts and corporate practitioners have linked the severity and increasingly circular nature of the financial and economic crisis to corporate governance failures, whether systemic, functional or technical (see details in the following sections). Various corporate governance reforms have taken place in Europe and the United States among other countries (several chapters in this volume mention those reforms).