Corporate governance Clearly, the effectiveness of the system of corporate governance is important in overall corporate performance. Adoption of new technology may require considerable effort and short-term expense, and it is important that managers have the appropriate incentives to search for improvements that reduce costs over the longer-term.
France is a case in point, as you can see on the right-hand side. In the ECB survey on access to finance which I referred to earlier, firms were also asked which factors they consider as the greatest impediments to their business.