The Suggestion of Some Comparative European Group Corporate Governance Standards after Financial Crisis, Corporate Scandals and Manipulation
Journal: International Journal of Advanced Multidisciplinary Research and Review (Vol.4, No. 6)Publication Date: 2016-01-01
Authors : Dinh Tran Ngoc Huy;
Page : 72-95
Keywords : corporate governance standards; board structure; code of best practice; financial crisis; corporate scandals; market manipulation; internal audit;
Abstract
In past few years, corporate scandals and bankruptcy in US and Europe and other parts of the world show some certain evidence on weak corporate governance, weak internal control system and weak audit. Though there are a few researches which have been done in the field of international corporate governance standards, we believe that this field with more rooms to explore. Therefore, this paper chooses a different analytical approach and among its aims is to give some systematic opinions. First, it classifies European Group representative corporate governance (CG) standards into two (2) groups: EASD and ECODA CG principles covered in group 1 and, group 2, including EFAMA Code and Corporate Practices from EBRD, so-called relative good CG group, while it uses ACCA and CFA principles as reference. Second, it , through analysis, shows differences between above set of standards which are and have been used as reference principles for many relevant organizations. Third, it establishes a selected comparative set of standards for European group representative corporate governance system in accordance to international standards. Last but not least, this paper covers some ideas and policy suggestions.
Other Latest Articles
- Relationships of Participation in Study Abroad Programs and Persistence, Degree Attainment, and Time-to-Degree of Undergraduate Students in the U.S
- MEDIATION AS INTERDISCIPLINARY METHOD FOR THE SUSTAINABLE DEVELOPMENT OF THE REGION
- Colouring with Children: the case of “Happy lanes- Cirkáló”
- Relationship between the state and subsidized companies: Agency problem
- THE FORMATION AND DEVELOPMENT OF MORTGAGE LENDING IN RUSSIA: MODELS, METHODS AND NEW APPROACHES
Last modified: 2016-07-09 22:21:44