The last Asian financial crisis, coupled with the western series of
corporate scandals, has caused investors and citizens to doubt
mangers' ability to guarantee credible financial information about
organizations. Consequently, legislators all over the world have
come to realise the necessity of legislating in the area of
corporate governance. This book explores several national corporate
governance reform experiences from around the world (including
Canada, China, the United States, and the European Union) and
offers an explanatory theory with regard to national systems of
corporate governance. It also underlines corporate governance as a
management tool and principle. The author argues that each country
should be encouraged to build its own system of corporate
governance which should be harmonized with its history, culture and
the level of its economic development.
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