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In the world of corporate governance, slow and steady goes a lot further than flash. Take Colgate-Palmolive. For two decades, without much fanfare, the $12.2 billion maker of household, oral hygiene and personal products, has been evolving its governance practices, constantly making changes and updating policies in response to shareholder wishes and current trends. “Good governance is not static,” says Andy Hendry, Colgate’s senior vice president, general counsel and secretary. “It involves a systematic process, a long-term focus and a commitment to continuous improvement.”

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