Uses and Limits of Conventional Corporate Governance Instruments: Analysis and Guidance for Reform (Part Two)

Private Sector Opinion, No. 15, Global Corporate Governance Forum, August 2009

16 Pages Posted: 16 Aug 2009

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Abstract

This is the second half of a two-part Private Sector Opinion published by the Global Corporate Governance Forum of the World Bank Group. Part One, published in June 2009, examined the uses and limits of five conventional corporate governance instruments - transparency, independent monitoring, economic alignment, shareholder rights, and financial liability - and suggested ways to improve their application. Part Two, the essay herein, recommends how policymakers should approach corporate governance reform generally, with a view toward strengthening the effectiveness of conventional corporate governance instruments.

The integrated version of this article is available at http://ssrn.com/abstract=1409370.

Keywords: corporate governance reform, unintended consequences, behavior, values, comparative

JEL Classification: G34, G38

Suggested Citation

Wong, Simon C. Y., Uses and Limits of Conventional Corporate Governance Instruments: Analysis and Guidance for Reform (Part Two). Private Sector Opinion, No. 15, Global Corporate Governance Forum, August 2009. Available at SSRN: https://ssrn.com/abstract=1455182

Simon C. Y. Wong (Contact Author)

Northwestern University School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States

London School of Economics

Houghton Street
London, WC2A 2AE
United Kingdom

HOME PAGE: http://www.lse.ac.uk/collections/law/staff/simon-wong.htm

Tapestry Networks ( email )

404 Wyman St.
Suite 225
Waltham, MA 02451
United States

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