Compliance culture should ensure adherence to not only laws, rules and regulations, but also integrity, ethics and codes of conduct. 16. A robust assurance mechanism by way of internal audit function is  another important component of sound corporate governance and risk management.
Low interest rates have encouraged households to take on debt, and the elevated level of government debt is largely a legacy of stimulus policies pursued during the Great Recession of 2008–09. Now, there is less space, on average, across the G7 for more borrowing to stimulate demand.