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"We have been clear that we expect the highest standards of governance and transparency from sports governing bodies, here in the UK and on the international stage.
"That will only happen if the club has a strong back office with the highest standards of governance".
Urquhart said: "Together we can look at the highest standards of governance, excellence in leadership and mutual expressions of faith in schools.
MBi's lawyer said MBi was "offering a boon for a struggling sector" and that the company "has put in place and adheres to the highest standards of governance".
They must create trust by adhering to the highest standards of governance, transparency, compliance and quality.
Without robust institutions following the highest standards of governance, we will never be able to harness the power of finance for the good of the many.
As a company, we are committed to high standards of governance and we take our regulatory obligations extremely seriously.
It said in a statement: "As a company, we are committed to high standards of governance and we take our regulatory obligations extremely seriously.
Linked to this is Monbiot's final major proposal - a democratised UN General Assembly where votes are weighted by size of population and in accordance with a global democracy index, to incentivise high standards of governance.
Since the Sarbanes-Oxley Act started requiring companies to meet higher standards of governance, corporations "have been moving in a more cooperative spirit," he said, adding, "We have sensed a greater responsiveness to shareholder concerns".
Neighbouring Croatia has been the most outward-looking: 90% of its banking assets are foreign-owned.In theory, this foreign ownership plugs the financial sector into the western world, bringing higher standards of governance and better access to capital.
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MA of Applied Linguistic, Maquarie University, Australia