Corporate Governance in Asia: A Comparative Study of Indonesia, Malaysia, Thailand and Vietnam

Abstract

Corporate governance has received an increasing amount of attention in recent years. Corporate scandals have brought corporate governance weaknesses to the attention of the general public, especially in the United States. Weaknesses in the corporate structure of some Asian countries have been partly blamed for some recessions that have occurred there.

This paper begins with an overview of some basic corporate governance principles as identified by the OECD, World Bank and IMF, then proceeds to examine how these principles are being applied in Indonesia, Malaysia, Thailand and Vietnam.

Keywords: corporate governance, Asia, Indonesia, Malaysia, Thailand, Vietnam, ROSC

JEL Classification: M4, O53, G34, G30