International Academic Journal of Entrepreneurship

The Critical Analysis Of Some Northern Asian Corporate Governance Standards After The Global Crisis -Cases In Singapore and Pakistan

*Dinh Tran Ngoc Huy
Department Of Management And Entrepreneurship, Faculty Of Economics, Binh Duong University Vietnam , International University Of Japan, Japan

*Corresponding Author:
Dinh Tran Ngoc Huy
Department Of Management And Entrepreneurship, Faculty Of Economics, Binh Duong University Vietnam , International University Of Japan, Japan
Email:dtnhuy2010@gmail.com

Published on: 2019-08-20

Abstract

Over the past years, there are many corporate scandals in financial and non-financial sectors all over the world, which represents a weak corporate governance structure. The application of quality management in corporate governance has not been tested, checked and show its effectiveness. The aim of this paper is to present a set of comparative corporate governance standards in some Northern Asian countries including: Singapore and Pakistan. With the use of qualitative combined with comparative analysis method, there are strengths and weaknesses in these codes or practices which will be identified in this paperwork. Therefore, this paper not only identifies different points in latest corporate governance standard principles and systems in the above two (2) countries, but also provides 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. In addition, this study identified main quality and sub-quality factors of corporate governance system toward a better leadership combined with sustainability for firms. Last but not least, it aims to illustrate a limited comparative set of standards of Northern Asian corporate governance, and give proper recommendations to relevant governments and institutions toward a sustainable practices in business life.

Keywords

Corporate governance standards; board structure; corporate scandals; market manipulation; internal audit

Introduction

The nature of the environment in which contemporary businesses function is systemic which is described in corporate governance practices or codes. Corporate governance can enable firms to maintain vitality, growth and stability. In the light of different views on Corporate Governance and Company Acts, which are among interests of many organizations, after financial crisis 2007-2009, this paper mainly concentrates on analysis of Code of Best Practices for Corporate Governance in selected northern Asian countries and separates it from the analysis of relevant Company Act and Accounting regulations, which can be used as reference for further scopes. Despite of trying to select an easy-reading writing style, there is still some academic words need to be explained in further.