Crynodeb
Purpose – The purpose of this paper is to review corporate governance literature from an international perspective in terms of having a global code of corporate governance.
Design/methodology/approach – Using a wide ranging literature review, the paper looks at the issue of a global corporate governance code of best practice from legal, corporate ownership structure and financial systems perspectives and the consequent/divergence issues that arise.
Findings – The paper supports the hypothesis that the “one size fits all” approach to corporate governance, particularly the Anglo Saxon model, is not necessarily the right approach from a global perspective. Convergence on fundamental features of shareholder protection, independence of directors and establishment of committees may be the preferred way forward.
Practical implications – The acceptance of a global corporate governance code is limited due to the adaptations in the business environment, investor confidence and corporate successes and failures.
Originality/value – The analysis of the framework provides an interesting paper for corporate governance researchers.
Design/methodology/approach – Using a wide ranging literature review, the paper looks at the issue of a global corporate governance code of best practice from legal, corporate ownership structure and financial systems perspectives and the consequent/divergence issues that arise.
Findings – The paper supports the hypothesis that the “one size fits all” approach to corporate governance, particularly the Anglo Saxon model, is not necessarily the right approach from a global perspective. Convergence on fundamental features of shareholder protection, independence of directors and establishment of committees may be the preferred way forward.
Practical implications – The acceptance of a global corporate governance code is limited due to the adaptations in the business environment, investor confidence and corporate successes and failures.
Originality/value – The analysis of the framework provides an interesting paper for corporate governance researchers.
Iaith wreiddiol | Saesneg |
---|---|
Tudalennau (o-i) | 532 - 544 |
Nifer y tudalennau | 12 |
Cyfnodolyn | Managerial Auditing Journal |
Cyfrol | 23 |
Rhif cyhoeddi | 6 |
Dynodwyr Gwrthrych Digidol (DOIs) | |
Statws | Cyhoeddwyd - 1 Ion 2008 |