Often regarded as a major risk for investors, corporate governance standards in Asia are not of one block all over the continent.
The common trend would consider that governance in Asia relies on a mix of traditional, cultural, social and legal aspects, with a schematic border between family businesses (whatever the side) and listed companies.
On top of the top : Hong Kong, Singapore.
Improving : Japan, Taiwan, S Korea
Working on it : Thailand, Malaysia
Expeditions themes to be considered :
The shareholder value ; independent directors (or not) ; outside directors (or not); way of removing/replacing CEOs; board’s effectiveness; separated roles (or not) chairman/chief executive; minority shareholders’ rights; class actions suits (or not)
To be analyzed: the weight of cultural traditions; the law enforcement; the existence (or not) of soft laws; the capital ownership (family?)
RELEVANT COUNTRIES FOR A LEARNING EXPEDITIONS
Singapore or Hong Kong (2/3 days)
An additional country with a practical case, such as Thailand, Japan or South Korea
Asia Corporate Governance Association (Hong Kong)
IOD Bangkok / Board Director Training Institute of Japan
Sasin Institute Bangkok
Asian Development Bank Manila (but different branches)
Experts: PWC, Mazars, Deloitte