Corporate Governance from a Global Perspective

Abstract

This paper discusses on the development of corporate governance in selected countries, systems of corporate governance adopted, convergence of corporate governance practices towards internationally accepted practices and initiatives undertaken to ensure effective corporate governance practices. The efforts to instill good governance in developed countries have been undertaken much earlier compared to developing countries. In Malaysia, for example, the government has taken serious initiatives to put in place the required infrastructure for effective corporate governance practices. Finally, effective corporate governance agenda necessitate serious attention on enforcement, surveillance and advocacy. The globalization of financial markets over the past decade has created the need to harmonize corporate governance practices internationally.