Scorecard on corporate governance in East Asia: A comparative study

Abstract

This chapter reports the progress of corporate governance reforms in nine East Asian economies as disclosed through two independent studies. The first study is a stock-taking exercise to take note of on-going reforms in corporate governance rules and regulations through a scorecard on corporate governance conducted by experts among the regional economies. The second study covers perceptions of the implementation and enforcement of corporate governance rules as seen by fund managers and analysts. The two studies yield different results, indicating a divergence between the regulatory environment and market perceptions of corporate governance practices in the nine economies.

Citation

Leung Cheung, Y. and Jang, H. (2008), "Scorecard on corporate governance in East Asia: A comparative study", Choi, J.J. and Dow, S. (Ed.) Institutional Approach to Global Corporate Governance: Business Systems and Beyond (International Finance Review, Vol. 9), Emerald Group Publishing Limited, Leeds, pp. 415-458. https://doi.org/10.1016/S1569-3767(08)09016-X