US Sets Global Trends Behind Governance Shake-Up
International Financial Law Review, 2004
7 Pages Posted: 29 Dec 2008 Last revised: 1 Jun 2009
Date Written: 2004
This article surveys corporate governance reforms across the globe, including developments relating to board independence, transparency and disclosure, shareholder rights, gatekeepers, and institutional investors. In addition, the article addresses four key questions for policymakers as corporate governance reform progresses: should they favor voluntary corporate governance codes over prescriptive legislation, are there practical limits to reform, how realistic is global convergence of governance standards and, lastly, can you measure good governance after all?
Keywords: Corporate governance reform, global convergence
JEL Classification: G34, G38
Suggested Citation: Suggested Citation