Convergence in the ownership and governance of East Asian firms
Chen, En Te, Gray, Stephen, & Nowland, John (2014) Convergence in the ownership and governance of East Asian firms. In Cavoli, Tony, Listokin, Siona, & Rajan, Ramkishen S. (Eds.) Issues in Governance, Growth and Globalization in Asia. World Scientific Publishing Co. Pte. Ltd., Singapore, pp. 15-30.
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In the past decade, policymakers in over 70 markets have introduced corporate governance codes or best practice guidelines. In East Asia, they have been introduced in Hong Kong in 1999 and 2006, Indonesia in 2000 and 2007, Malaysia in 2000 and 2007, the Philippines in 2002, Singapore iu 2001 and 2005, South Korea in 2003, Taiwan iu 2002 and Thailand iu 2006. The common focus of these codes is to encourage but not force companies to improve their corporate governance practices to a specified target level, e.g., board independence of 30%. Another commonality is that the guidelines apply to all listed companies regardless of their ownership structure or other characteristics.
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|Item Type:||Book Chapter|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Copyright Owner:||Copyright 2014 World Scientific Publishing Co. Pte. Ltd.|
|Deposited On:||11 Nov 2014 23:44|
|Last Modified:||12 Nov 2015 15:17|
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