Norms in International Corporate Governance: A Review

NISM Working Paper Series, Working Paper 01/2016

10 Pages Posted: 19 Apr 2016

See all articles by Francis Kuriakose

Francis Kuriakose

Erasmus University Rotterdam

Deepa Kylasam Iyer

University of Cambridge, Students

Date Written: April 18, 2016

Abstract

The consequences of unethical practices of firms have resulted in financial meltdowns affecting entire economies all over the world. This has incentivised regulators to think of novel approaches to incentivise ethical conduct of firms. Corporate governance and inducing ethical climate by policy are the two ideas that have regulated the conduct of firms. This paper attempts a review of international norms of corporate governance. Though there are three mainstream ideas about regulatory frameworks called principle based, rule based and hybrid approaches, concerns regarding design and enforcement like externality and inducement of favourable human behaviour remain.

Keywords: Corporate governance, Ethical climate, Behavioural finance, Regulation

JEL Classification: G34, G38, G39

Suggested Citation

Kuriakose, Francis and Kylasam Iyer, Deepa, Norms in International Corporate Governance: A Review (April 18, 2016). NISM Working Paper Series, Working Paper 01/2016, Available at SSRN: https://ssrn.com/abstract=2766322 or http://dx.doi.org/10.2139/ssrn.2766322

Francis Kuriakose (Contact Author)

Erasmus University Rotterdam ( email )

Burgemeester Oudlaan 50
Rotterdam, 3062
Netherlands

Deepa Kylasam Iyer

University of Cambridge, Students ( email )

Cambridge
United Kingdom

HOME PAGE: http://www.cam.ac.uk

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