Corporate governance standards have improved over the past decade, but
even the best Asian markets remain far from international best practice.
Regulators make it too easy for companies to get away with box-ticking.
Markets still lack effective rules on fundamentals such as independent
directors and audit committees. Not enough has been invested to make best
practices work. Meanwhile, most institutional investors are yet to invest
sufficiently in voting, engagement or stewardship. Rather than use the global
financial crisis as a platform to push reform forward, governments have taken
a complacent view, happy that the crisis this time did not start in Asia
No comments:
Post a Comment