There is no perfect system or place on our blue planet, so spare me your pious lectures about poverty in the 3rd world until, say, you've fixed your own f***ing Detroit!
Decision making it has a lot of implications for your success as an investor, as a business person, and even in your personal relationships. It is a skill which needs to be constantly developed, honed and refined.
Good corporate governance is a bedrock on which a company can let its intellectual creativity and innovation flourish. It is like a compost put into a vegetable patch for the spring planting.