The Convergence of Corporate Governance

Promise and Prospects

Takes readers through an in-depth examination of many leading industrialized nations and identifies both the drivers that propel corporations towards convergence and the major impediments that stand in the way of convergence. Also examines many mechanisms of convergence such as governance codes, MNCs, and IPOs.

The regulations stipulate that one person should not simultaneously hold the
roles of board chair and CEO. However, they contain a provision that allows a
person who held both posts before the day the Monetary Authority announced
the rule to continue doing so (Dow Jones Newswires, 9 September 2005). A
further amendment to the Code wasmadein 2010, whichstipulated that'banks
shall not appoint a person who is a member ofthe immediate family ofthe CEOas
aboard chairman' ...