Corporate Governance in other country (ies)

CORPORATE GOVERNANCE

Corporate Governance in other Countries (Name (School (Professor (Course

Abstract

In the wake of the massive corporate collapses that has buffeted the business world , corporate governance policies have once again taken center stage in the policies in various countries that have been affected by the collapse . How are these policies been implemented in the various countries and how are they similar or are they from each other

Corporate Governance

The issue of corporate governance has once again taken the limelight in the affairs of the corporate world (Wharton

, 2003 . In the opinion of Mauro Guillen , professor of management at Wharton University , the practice of an ill-equipped system of corporate regulation can inflict serious damage in the economy (Wharton , 2003 . This is because a poorly regulated system of business regulation will not be able to arrest the misallocation of scarce elements and speculation in the market (Wharton 2003 . Enron and the many cases where corporate governance has failed are prime examples of what a poorly equipped system of governance can lead to (Wharton , 2003

But the practice of corporate governance is not a case that one practice of corporate governance will instantly fit into the system (Wharton , 2003 . In short , corporate governance systems differ in various countries (Wharton School , 2008 . For example , in Germany , it is the practice of labor representatives having seats on the corporate board of the companies they are employed (Wharton , 2008 . In Japan , it is standard to have senior management officials reach the...