Governance Matters: Analysis of 10 Best Global Practices
15.07.2011Company: Forvis Mazars s.r.o.
Mazars has identified and analysed several successful governance practices across the globe, which are pertinent to the current scenario. We have also assessed how different countries are dealing with their corporate governance problems, short-listing practices that are driven by aspects, participatory, consensus oriented, accountable, transparent, responsive and equitable.
The concept of corporate governance is so dynamic in nature today that at no point can a given set of requirements be determined as being sufficient for the sustained value creation of an organisation. Standards of corporate governance are changing rapidly, some in response to random events which capture public attention. Others are driven more by
the realisation that the responsible behaviour is ultimately reflected in the share prices of organisations.
It would be a mistake to see any crisis of corporate governance primarily through the transparency and compliance. The failure of some of the best intended laws and stringent disclosure norms to control the growth of corporate greed is a pointer to this.
With the capital sailing the globe in search of investments, the shareholders’ crusade for more open and well governed companies is gaining strength across many major and emerging markets. In what is called a worldwide corporate-governance movement, shareholders are pushing for stronger governance frameworks, while teaming with investors and negotiating behind the scenes.
Find out the benchmarks that can be used to develop a culture of values for professional and ethical behaviour on which well functioning markets depend.
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