While corporate governance continues to be the hot topic ina region with a still-evolving corporate culture, it isinteresting to note that even the supposed arch-exponents ofthe practice sometimes fall foul of the standards theyimpose. George Bush-appointed World Bank chief and noted neocon,Paul Wolfowitz, appears to have been a victim of a campaignto discredit him over the treatment of his girlfriend, alsoa senior World Bank member, who, to avoid a conflict ofinterest, was found a plumb job at the US State Department.Despite the hullabaloo, the ex-deputy Secretary of State ofDefense, appears to have acquitted himself honorably and Iam sure that many Arab politicians and high ranking figuresare still wondering what all the fuss was about. But the case highlights two interesting issues: First itshows just how important it is to walk the line in terms ofpersonal conduct and setting an example to all. Second,after the deeply flawed Seymour Hersh feature in
