Abstract

http://ssrn.com/abstract=2214828
 
 

References (99)



 


 



The OECD Principles of Corporate Governance in Emerging Markets: A Successful Example of Networked Governance?


Mathias M. Siems


Durham University - Durham Law School; University of Cambridge - Centre for Business Research

Oscar Salvador Alvarez-Macotela


KLS, University of Kent

March 31, 2013

Mark Fenwick, Steven Van Uytsel and Stefan Wrbka (eds.), Networked Governance, Transnational Business and the Law, Berlin: Springer, 2014, Forthcoming
8th Annual Kyushu University Law Conference, 10-11 February 2013

Abstract:     
The OECD Principles of Corporate Governance are a networked form of governance predominantly aimed at the law-makers and firms of emerging markets. This chapter discusses whether the approach of the OECD Principles can be regarded as a success. Our analysis provides a mixed response. While features of networked governance are clearly visible in the drafting and operation of the Principles, the practical effectiveness may be hindered by the lack of well-functioning local institutions. Moreover, while appreciating that the OECD has engaged in activities such as regional roundtables in order to take account of the local context, the Principles themselves are based on the corporate governance model of the OECD member countries not perfectly suitable for emerging markets. Recent events also point towards scepticism of whether adoption of the Principles can be seen as an effective way to prevent future financial crises.

Number of Pages in PDF File: 26

Keywords: corporate governance, company law, emerging markets, emerging economies, networked governance, trust

JEL Classification: F63, G34, K22, M14, O16

Accepted Paper Series


Download This Paper

Date posted: February 13, 2013 ; Last revised: December 9, 2013

Suggested Citation

Siems, Mathias M. and Alvarez-Macotela, Oscar Salvador, The OECD Principles of Corporate Governance in Emerging Markets: A Successful Example of Networked Governance? (March 31, 2013). Mark Fenwick, Steven Van Uytsel and Stefan Wrbka (eds.), Networked Governance, Transnational Business and the Law, Berlin: Springer, 2014, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2214828

Contact Information

Mathias M. Siems (Contact Author)
Durham University - Durham Law School ( email )
50 North Bailey
Durham, County Durham DH1 3ET
United Kingdom
HOME PAGE: http://www.dur.ac.uk/mathias.siems
University of Cambridge - Centre for Business Research ( email )
Top Floor, Judge Business School Building
Trumpington Street
Cambridge, CB2 1AG
United Kingdom
HOME PAGE: http://www.cbr.cam.ac.uk/people/siems.htm
Oscar Salvador Alvarez-Macotela
KLS, University of Kent ( email )
Canterbury, Kent CT2 7NS
United Kingdom
HOME PAGE: http://https://www.kent.ac.uk/law/people/academic/Alvarez-Macotela,_Oscar.html
Feedback to SSRN


Paper statistics
Abstract Views: 1,083
Downloads: 250
Download Rank: 68,846
References:  99

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.454 seconds