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What can be done to strengthen the situation by good governance? In emerging markets, how are SMEs faring? Why does SMEs care about corporate governance?

What can be done to strengthen the situation by good governance? In emerging markets, how are SMEs faring?
Why does SMEs care about corporate governance?
Do emerging market corporate governance principles apply to them?
Is it true that corporate governance is "expensive"?
What constitutes a well-constituted board of directors?

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