PwC: Poor governance will cost capital

Most respondents also believe that this level of trust has broken down to a degree that structural change is required, both at the regulatory level and within institutions themselves.

More than 80% of respondents also said that failure by financial institutions to improve corporate governance would result in a higher cost of capital, more volatile share prices and even investors refusing to purchase shares. Over half of the respondents said the most intensive pressure for change is coming fro