While approaching a complex topic which has long been debated in the specialized literature,this paper makes an attempt to capture a significant part of the recent shortcomings of corporategovernance, in spite of it being recently thought to have reached a considerable level of perfection. It enumerates some important issues and reflections, while the authors manage to express theirown reflections on what else could be done so that corporate governance may become moresuccessful in creating a healthier social and business environment. The paper at hand emphasizes the fact that learning from the past in the first step towards, inthe long run, a future society of responsibility and ethical corporate governance, in which quantityand tight time limits may become obsolete and replaced by a constant concern with sustainablegrowth as a safe way to maximize the value of certain entities, and to achieve the general interest.