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Corporate Governance in the Aftermath of the Global Financial Crisis, Volume IV by Zabihollah Rezaee

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CHAPTER 2

Transformation of Corporate Governance and Global Perspectives

Introduction

Corporate governance has evolved from a compliance process to a strategic imperative intended to create shared value for all stakeholders. Corporate governance reforms are developed to align management’s interests with those of shareholders and ensure the achievement of sustainability performance. Corporate governance measures vary among countries because of political and cultural infrastructure, regulatory framework, and information infrastructure. A dynamic financial system and reliable financial information are essential for ensuring global economic development and growth. The persistence of differences in global economic structure, financial systems, and ...

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