Failure of governance and risk compliance unforgiveable under Madoff

Here we outline why it is so stunning that due diligence, risk analysis and corporate governance rules would fail to spot Madoff's danger. Is the world only paying lip service? Gerry O'Kane comments.

I have heard of no investor who has reported how their due diligence, their risk analysis or a good honest look at how a business runs, was misled by Madoff's operations.

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