Poor corporate governance was identified as one of the root causes of the recent Asian financial crisis. The absence of effective disciplines on corporate managers, coupled with complicated and opaque relationships between corporations, their owners ...
Of the meeting -- Introduction / by Joanna R. Shelton -- Corporate governance patterns in OECD economies: is convergence under way? / by Stilpon Nestor and John K. Thompson -- Latest directions in corporate governance / by Ian T. Dunlop -- The legal and institutional preconditions for strong stock markets: the nontriviality of securities law / by Bernard Black -- Comparative corporate governance trends in Asia / by Il Chong Nam, Yeongjae Kang, Joon-Kyung Kim -- Corporate governance in Japan / by Takahiro Yasui -- Disclosure and corporate governance: a Japanese perspective / by Hideki Kanda -- Corporate governance in Korea / by Il Chong Nam et al. -- Corporate restructuring in Thailand and Korea / by William P. Mako -- Chaebol reform: the missing agenda in corporate governance / by Yoon Youngmo -- Corporate governance in the special administrative region of Hong Kong / The Securities and Futures Commission of Hong Kong, China -- Corporate governance in India / by Pratip Kar -- Corporate governance and restructuring in Malaysia: a review of markets, mechanisms, agents and the legal infrastructure / by R. Thillainathan -- Corporate governance environment and policy: their impact on corporate performance and finance in the Philippines / by Cesar G. Saldana -- Corporate governance in Singapore: current practice and future developments / by Mak Yuen Teen and Phillip H. Phan -- Corporate governance: the challenge facing the Thai economy / by Deunden Nikomboriak and Somkiat Tangkitvanich -- Corporate governance in Chinese Taipei / by Chen-En Ko et al.
This research handbook provides a state-of-the-art perspective on how corporate governance differs between countries around the world. It covers highly topical issues including corporate purpose, corporate social responsibility and shareholder activism.
This research handbook provides a state-of-the-art perspective on how corporate governance differs between countries around the world. It covers highly topical issues including corporate purpose, corporate social responsibility and shareholder activism. Through coverage of key jurisdictions in Asia, Europe and the Americas, this research handbook reveals differences and similarities between legal traditions that have shaped different countries' laws, and the extent to which these laws have become more similar over the past decades. It takes a broad perspective throughout comparative corporate governance, considering the rights and duties of shareholders, including controlling and minority shareholders, directors and the relationship between their powers. Chapters address key topics such as the methods and goals of comparative corporate governance research and enforcement of corporate governance. Informative and perceptive, Comparative Corporate Governance will be a key resource for academics and students in commercial law, comparative law and government studies. Internationally oriented corporate law practitioners and law firms will also be interested in the legal information contained in the chapters.
The analysis is notable for its insistence that, for a corporate governance system to work, the principles and practicalities of that system must be derived from customary cultural norms. Experience shows that imported models, although they may be enshrined in law, lead to economic stagnation unless actual practice is monitored and reformed and the laws change to reflect these necessary adjustments. Thus the model proposed here begins with the Company Law of 1994, and proceeds to show how practical experience is already providing valuable data for the task of improving the law.
Comparative Corporate Governance considers the effects of globalization on corporate governance issues and highlights how, despite these widespread consequences, predictions of legal convergence have not come true. By adopting a comparative legal approach, this book explores the disparity between convergence attempts and the persistence of local models of governance in the US, Europe and Asia.