Corporate Governance

Paper Summary:

The paper explains the differences btween the Anglo-American model and the non Anglo-American model of corporate governance. The paper first discusses the International Corporate Governance Network's series of principles that should be applied in global corporate governance. The paper then highlights the importance of corporate governance in general and of investor protection in particular. The paper reaches the conclusion that there is no singular corporate governance system that is suitable for every economy, company or situation, nevertheless, the healthiest corporate governance model is probably the bank-centered one, because of the financial advantages it provides.

From the Paper:

"When discussing the subject of industrial finance and corporate governance, one must focus the discussion around the core of the subject, which is related to the protection of shareholders and creditors by the legal system. Each country's financial system follows a different approach to the subject, approach that has its advantages and its disadvantages. Corporate governance, in general, has become more and more important, becoming an actual part of a company's management process. The importance of this matter is conferred by the fact that, if used in a suitable manner, corporate governance is able to solve problems regarding the financial, legal, and administrative systems (Sapovadia, 2003)."

Sample of Sources Used:

• Sapovadia, V. K. (2003). Good Corporate Governance: An Instrument for Wealth Maximization. MBA Department of Saurashtra University Conference, India. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=955289. Accessed January 18, 2008.
• Corporate governance (2007). Wikipedia, the free encyclopedia. http://en.wikipedia.org/wiki/Corporate_governance. Accessed January 19, 2008.
• ICGN Statement on Global Corporate Governance Principles (2005). International Corporate Governance Network. European Corporate Governance Institute. http://www.ecgi.org/codes/documents/revised_principles_jul2005.pdf. Accessed January 19, 2008.
• La Porta, R. et al. (1999). Investor Protection and Corporate Governance. Social Science Research Network. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=183908#PaperDownload. Accessed January 19, 2008.

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