Online from: 1986
Subject Area: Accounting and Finance
Options: To add Favourites and Table of Contents Alerts please take a Emerald profile
|Title:||The impracticality of an international “one size fits all” corporate governance code of best practice|
|Author(s):||Marlene Davies, (Glamorgan Business School, University of Glamorgan, Pontypridd, UK), Bernadette Schlitzer, (Ernst & Young, Germany)|
|Citation:||Marlene Davies, Bernadette Schlitzer, (2008) "The impracticality of an international “one size fits all” corporate governance code of best practice", Managerial Auditing Journal, Vol. 23 Iss: 6, pp.532 - 544|
|Keywords:||Best practice, Corporate governance, Globalization, National cultures, World economy|
|Article type:||Research paper|
|DOI:||10.1108/02686900810882093 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
Purpose – The purpose of this paper is to review corporate governance literature from an international perspective in terms of having a global code of corporate governance.
Design/methodology/approach – Using a wide ranging literature review, the paper looks at the issue of a global corporate governance code of best practice from legal, corporate ownership structure and financial systems perspectives and the consequent/divergence issues that arise.
Findings – The paper supports the hypothesis that the “one size fits all” approach to corporate governance, particularly the Anglo Saxon model, is not necessarily the right approach from a global perspective. Convergence on fundamental features of shareholder protection, independence of directors and establishment of committees may be the preferred way forward.
Practical implications – The acceptance of a global corporate governance code is limited due to the adaptations in the business environment, investor confidence and corporate successes and failures.
Originality/value – The analysis of the framework provides an interesting paper for corporate governance researchers.
To purchase this item please login or register.
Complete and print this form to request this document from your librarian