The changed interpretation about Governance and role of the Board has gained greater currency in the wake of some big ticket events like collapse of Enron, WorldCom, HIH and in the aftermath of recent crisis, where a large part of the blame was attributed, inter alia, to unethical conduct of various entities and market participants.
Graph 18 Business investment elsewhere in the economy is also expected to move higher. Earlier I discussed how uncertainty globally is affecting the outlook for investment in many countries. Fortunately, we don't see the same spike in the measure of policy uncertainty in Australia that I showed in the earlier graph for the world economy.