Paper Topic:

If corporate governance legislation and codes did not exist they would have to be created so that countries trading with each other could do so with confidence.

Abstract

This text proposes the fact that without corporate governance legislation in our current times , it would certainly be formulated for the purpose of reducing the many risks involved in international trade for the trading confidence of the participating nations

Governance practices that are proposed would first have to focus on self disclosure . The constituents of the products would have to be known using labels and other internationally recognized symbols

Product safety recalls would have to be governed by law so that the efficient products are present in the world wide

market

Insurance would also have to be imputed into law to ensure that trade participants are guaranteed of their import and export safety in case of unprecedented risks note quoted under the terms of transaction

Compliance with international trade guidelines and codes would have be legislated to ensure standard practices of trade as well as that of goods so that amicable resolutions can be attained in case of disputes

Legislation on accountability of corporations in reference to financial vices would also be practiced as well as protection of whistle blowers of scandals

Introduction

Before the 19th centaury when industrial revolution commenced , trading was ungoverned in most parts of the world . This was because business was localized within territorial boundaries . When industrial revolution began in Europe , business and trading activities started crossing international boarders . This was because the new inventions from steel coupled with the use of coal as a fuel caused the expansion of the transportation system by means...

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