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Role of Corporate Governance and the Furtherance of Globalization


Presently, we must consider the cultural context of a corporation’s day to day practices in order to more precisely determine the success and effectiveness of that particular corporation’s governance mechanisms. Success, in this reference, deals with encouraging potential shareholders to invest with the expectation of receiving a commensurate return. Furthermore, one company might have more than one cultural context scenario to consider in this, the advent and development stage of a global economy.
Many studies have approached the issue of corporate governance system as a bipolar issue. Setting up the comparison as a U.S., or Anglo-American, model versus the non Anglo-American model, some studies fail to recognize the evolution of corporate governance mechanisms that address special national issues. To be successful within restricted cultural markets, a corporation might operate according to a particular......

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Approximate Word Count: 1916
Approximate Pages: 8 (250 words per double-spaced page)

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