After decades of success in the global banking industry, the Royal Bank of Scotland fell to\nthe brink of its collapse in 2008 owing to the recent global financial crisis that entirely shook\nthe financial sector of the United Kingdom. The man whose leadership was once\nacknowledged for the remarkable success of the bank, former CEO Sir Fred Goodwin, was\nheld entirely responsible for the collapse owing to his decisions of hostile acquisition of the\nABN-Amro bank and pushing the banking industry into ââ?¬Ë?filthyââ?¬â?¢ executive pay and bonus\nculture. The case study will review the evidence from 2000-2009 to discuss the rise and fall\nof the royal bank in the light of the corporate governance failures during the difficult times of\nglobal recession.
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