388 Corporate Governance: An International Review‚ 2009‚ 17(3): 388–404 Convergence of Corporate Governance: Critical Review and Future Directions Toru Yoshikawa* and Abdul A. Rasheed ABSTRACT Manuscript Type: Review Research Question/Issue: Convergence in corporate governance across countries has been a subject of interest and controversy in a variety of disciplines. We attempt to address a number of related research questions: (1) what constitutes convergence? (2) what are the drivers that
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Corporate governance refers to the system by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors‚ managers‚ shareholders‚ creditors‚ auditors‚ regulators‚ and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs. Governance provides the structure through which corporations set and pursue their
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January 2007 CORPORATE GOVERNANCE IN MALAYSIA: THE EFFECT OF CORPORATE REFORMS AND STATE BUSINESS RELATION IN MALAYSIA Nor Azizah Zainal Abidin 1 and Halimah @ Nasibah Ahmad2 1 Faculty of Public Management and Law‚ 2 Faculty of Accountancy Universiti Utara Malaysia‚ 06010 Sintok‚ Kedah‚ Malaysia ABSTRACT The Asian Financial Crisis in 1997 not only introduced the term of corporate governance but also drew attention of the public about the weaknesses of Malaysian corporate governance practice
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THE BUSINESS VALUE OF GOOD CORPORATE GOVERNANCE Companies that take a strategic approach to the challenge of complying with tough new corporate governance requirements can create opportunities to strengthen their internal processes and enhance their business. This article is one in a series from Microsoft Office System that explores issues and perspectives facing finance executives. Making Sense of the Global Regulatory Patchwork Even For the global economic system to function as it should‚ investors
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interests 1 The role of stakeholders Good corporate governance helps… to ensure Good that corporations take into account the interests of a wide range of constituencies‚ as well as of the communities within which they operate‚ and that their boards are accountable to the company and the shareholders. This‚ in turn‚ helps to assure that corporations operate for the benefit of society as a whole. -Preface‚ OECD Principles of Corporate Governance (1999) -Preface‚ OECD (1999) (OECD quote
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Business Horizons (2008) 51‚ 535—540 www.elsevier.com/locate/bushor EXECUTIVE DIGEST Corporate social responsibility‚ corporate governance‚ and financial performance: Lessons from finance Robert Neal‚ Philip L. Cochran * Kelley School of Business‚ Indiana University‚ 801 West Michigan Street‚ Indianapolis‚ IN 46202-5151‚ U.S.A. 1. Just how influential is corporate social responsibility? What can management and‚ in particular‚ business ethics learn from recent research in finance? One of the problems
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Internal audit’s role in modern corporate governance Thought leadership series Risk and Advisory Services Internal audit’s role in modern corporate governance Recent events have highlighted the critical role of boards of directors in promoting good corporate governance. In particular‚ boards are being charged with ultimate responsibility for the effectiveness of their organisations’ internal control systems. An effective internal audit function plays a key role in assisting the board
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MINI CASE: THE FILURE OF CORPORATE GOVERNANCE AT ENRON 1.Which parts of the corporate governance system‚ internal and external‚ do you believe failed Enron the most? In the evaluation of the Enron’s case; by trying to see the very big picture‚ it is not only about that the internal part of the corporate governance system was failed or but also the external part of the corporate governance system was also failed. As noted on the last paragraph of the mini case‚ many people from different positions
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Running head: RIORDAN CORPORATE COMPLIANCE PLAN 1 Riordan Corporate Compliance Plan Napoleon Melton‚ Jr. LAW/531 January 17‚ 2011 Terry Turner RIORDAN CORPORATE COMPLIANCE PLAN 2 Riordan Corporate Compliance Plan Riordan Manufacturing is wholly owned by Riordan Industries‚ a Fortune 1000 enterprise based in San Jose‚ CA. Riordan produces plastic beverage containers at its Albany‚ GA plant‚ custom plastic parts at its Pontiac‚ MI plant‚ and plastic fan parts at its Hangzhou‚ China
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In his review published in 2003‚ Derek Higgs described the role of a non-executive director as ‘custodian of the governance process.’ A non-executive director (NED) sits on the board of company just as a normal executive director would do so‚ however a non-executive director does not form part of the executive management team of the company. Essentially they are not an employee of the company or affiliated in any way other than their role as an independent NED. The distinction between a non-executive
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