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COPYRIGHT 2007 Alert Publications, Inc.
Gatekeepers: The Role of the Professions in Corporate Governance. John C. Coffee. 2006. Oxford University Press. Hardcover. 400p. ISBN: 9780199288090. $35.
The "gatekeeping" professions--attorneys, auditors, credit-rating agencies, investment bankers, securities analysts--are supposed to guard against failures of corporate governance. Beginning in the late 1990s and culminating in 2001-2002, these guardians dropped their guard, if indeed their guard was up....
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