REVIEW OF THE CORPORATE GOVERNANCE PRACTICES – AN INTERNATIONAL PERSPECTIVE

Abstract

Corporate governance has been a pivotal to the success of private investment and public good. Globally, the governments and private entities are engaged for the adoption of the best practices in the field of corporate governance and corporate regulation. Promotion of self regulation by the corporate entities has been the stressed point in every governance related law internationally. The corporate governance code and corporate discipline are evolving to new heights for the establishment of the sound governance mechanisms by the state governments globally. The executive compensation, the independence in the corporate boards, the training and awareness amongst the board members regarding the regulatory implications among others are some of the key issues which are being focused on by every corporate governance related law in any country. This study is a review of the corporate governance initiatives and regulatory mechanisms as evolved and adopted by Australia, United Kingdom, Singapore, South Africa and Malaysia.