August 2023
Intermediate to advanced
818 pages
28h 27m
English
This chapter explores the diverse approaches to corporate governance practised in the Asia Pacific countries. The special qualities of the relationship-based approach to corporate governance are considered, and the pervasiveness of family owned businesses, embedded in business networks. The traditionally informal and often weak corporate governance mechanisms of this region are examined, where boards lack authority, and financial institutions fail to monitor. Despite the evident weaknesses in corporate governance this region maintained the fastest economic growth, until the East Asian systemic financial crisis hit in 1997, and the lessons of the crisis for corporate governance ...
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