Abstract
This chapter examines corporate governance developments in a sample of countries and looks at this in a global context. The countries selected are diverse in their cultural and legal backgrounds, ownership structures, and corporate governance structures. The chapter reviews core principles that are evident in the corporate governance codes of these countries. Such principles help build or restore confidence in stock markets, ensure more transparency and disclosure, enhance protection of minority shareholders' rights, and guarantee that the company is managed in the interests of shareholders and stakeholders. The chapter emphasizes the importance of a corporate governance code and of a firm-level corporate governance. Firm-level corporate governance provisions matter more in countries with weak legal environments because firms can partially compensate for ineffective laws and enforcement by establishing good corporate governance and credible investor protection.
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