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The implementation of OECD corporate governance principles in post-crisis Asia

Iu, Justin and Batten, Jonathan 2001, The implementation of OECD corporate governance principles in post-crisis Asia, Journal of corporate citizenship, vol. 4, Winter, pp. 47-62.

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Title The implementation of OECD corporate governance principles in post-crisis Asia
Author(s) Iu, Justin
Batten, Jonathan
Journal name Journal of corporate citizenship
Volume number 4
Season Winter
Start page 47
End page 62
Publisher Greenleaf Publishing
Place of publication Sheffield, England
Publication date 2001
ISSN 1470-5001
Summary The recent OECD Principles on Corporate Governance provide a framework for the convergence of global corporate governance practice. This paper considers the implementation of these global ‘best-practice’ standards of governance as part of the continuing post-economic-crisis reform throughout Asia. These initiatives have explicitly acknowledged that no single model of governance can exist, and instead have focused on those elements apparently common and, therefore, applicable to all countries. Notwithstanding the existence of these elements, this paper investigates the difficulties involved when attempting to implement general rules across countries at different stages of economic and legal development. While implementation will be hindered by obvious cultural disparities, long-term change in practice requires a cultural shift in the philosophical and financial bases of the firm.
Language eng
Field of Research 140207 Financial Economics
Socio Economic Objective 0 Not Applicable
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2001, Greenleaf Publishing
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Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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