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Dec 31, 2003

Completing the circle

Richard Carpenter says questions over the governance of the mutual fund industry could have even more impact on long-suffering corporates.

The full implications of the US mutual fund scandal are still being unraveled some four months after New York Attorney General Eliot Spitzer first made his allegations of trading abuses. Investor relations officers might be tempted to allow a wry smile as the corporate governance heat falls on the buy-side for once - but there may be a lot more pain to come for corporates as a result of the scandal.The main problem from an IR perspective lies with the sheer weight of money that has already

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