Building a Comparative CFA and ADB & Hermes’s Corporate Governance Standards after Financial Crisis, Corporate Scandals and Manipulation - Implications for Developing Countries | Chapter 07 | Current Perspective to Economics and Management Vol. 4
Corporate governance is rising as a subject for debates and an MBA course at many business schools all over the world. Whereas it is developed as one of key functions at headquarters at medium and big companies. Esp., it can be combined with ISO and quality management system toward a better leadership and management roles in various industries. After our previous paper of “A set of limited Asian Pacific comparative corporate governance standards”, this one concentrates on several comparative international standards, so-called a limited comparative set of standards on corporate governance.
First, it looks at some groups of findings on corporate governance subjects in the post-crisis period. It found out that companies in these periods need to oversight their legal or compliance activities, besides suitable policies.
Second, it identified different points in latest corporate governance standard principles and systems in groups: CFA Corporate Governance Standards and ADB & Hermes’s Corporate Governance Codes. Third, this paper provide with a summary of evaluation of current corporate governance systems in these above countries which may enable relevant organizations in re-evaluating their current ones.
Last but not least, it aims to illustrate a limited comparative set of standards of International corporate governance, so-called backbone and give proper recommendations to relevant governments and institutions.
Dinh Tran Ngoc Huy
Banking University, Ho Chi Minh City, Vietnam and Graduate School of International Management, International University of Japan, Niigata, Japan.
Bui Thi Thu Loan
Hanoi University of Industry, Ha Noi, Vietnam.
Nguyen Thi Phuong Hong
University of Economics, Ho Chi Minh City, Vietnam.
Nguyen Dac Anh Chuong, MBA
Van Lang University, Ho Chi Minh City, Vietnam.