Toward the “Best Practice” Model in a Globalizing Market: Recent Developments in Korean Corporate Governance

2002 ◽  
Vol 2 (2) ◽  
pp. 345-366 ◽  
Author(s):  
Hwa-Jin Kim
Keyword(s):  
Corporate Governance ◽  
Best Practice ◽  
Practice Model ◽  
Recent Developments

scholarly journals Developments in corporate governance: The case of Vietnam

2014 ◽  
Vol 11 (3) ◽  
pp. 219-230
Author(s):  
Tran Thi Hong Lien ◽  
David A. Holloway
Keyword(s):  
Corporate Governance ◽  
Best Practice ◽  
International Institutions ◽  
Practice Model ◽  
Ethical Business ◽  
The Past ◽  
Governance Practices ◽  
Medium Level ◽  
Board Level

Corporate governance practices have changed significantly across the world in the past three decades. Spectacular corporate failures during this period have acted as a catalyst for the development of codes and guidelines that have resulted in the global acceptance of a ‘best practice’ model. This study assesses the relevance of such a ‘one size fits all model’ for the developing nation state of Vietnam. The findings of this analytical paper is that there are three key elements (government, international institutions and the nature of business) that are pertinent and central to corporate governance developments in the country. We also find that the quality of corporate governance in Vietnam is at a medium level when compared to international practices. Vietnam still has a long way to go to construct and embed effective corporate governance policies and practices and promote ethical business behaviours and sound decision making at board level.

scholarly journals Recent Developments in Corporate Governance Codes in the GCC Region

2019 ◽  
Vol 10 (3) ◽  
pp. 108
Author(s):  
Mohammed Haitham A. Salman ◽  
Haitham Nobanee
Keyword(s):  
Corporate Governance ◽  
Best Practice ◽  
Reporting Quality ◽  
Gulf Cooperation Council ◽  
Comparative Approach ◽  
Sovereign Wealth Funds ◽  
Gcc Countries ◽  
Oecd Principles ◽  
Corporate Governance Codes ◽  
Recent Developments

This paper aims to examine recent developments in corporate governance codes in the Gulf Cooperation Council (GCC) region and evaluate to what extent these changes are in line with the G20/OECD Principles of Corporate Governance 2015 Edition. The paper employed an analytical comparative approach, the results show all GCC countries, except Bahrain, have recently updated their CG codes. Bahrain needs to update its current CG code in terms of the rights of both shareholders and stakeholders to be in line with international best practice. Efforts in the GCC region to enhance CG in listed companies should be continued and expanded to cover state-owned enterprises, sovereign wealth funds, and banks. The findings would be useful to the financial managers in the GCC in complying with the recent developments in corporate governance codes and in developing guidelines for appropriate disclosure to improve the reporting quality.

Best Practice Corporate Governance? The Failure of Bridgecorp

2010 ◽  
Author(s):  
William R. Wilson ◽  
John F. Pinfold ◽  
Lawrence C. Rose
Keyword(s):  
Corporate Governance ◽  
Best Practice

Abstract T P259: What Should Really be Happening to Our Stroke Patients Post-Acute Care?: A System Best Practice Model for Inpatient Rehab

Stroke ◽  
2014 ◽  
Vol 45 (suppl_1) ◽  
Author(s):  
Shelley Sharp ◽  
Elizabeth Linkewich ◽  
Jacqueline Willems ◽  
Nicola Tahair ◽  
Charissa Levy ◽  
...  
Keyword(s):  
Acute Care ◽  
Stroke Unit ◽  
Best Practice ◽  
Patient Flow ◽  
System Capacity ◽  
Stroke Patients ◽  
Practice Model ◽  
Term Care ◽  
Stroke Unit Care ◽  
The Right

Background: A regional Stroke Report Card identified poor performance on system efficiency, effectiveness, and integration of stroke best practice. This engaged regional funders and 17 organizations (11 acute, 6 rehab) to collaborate in stroke system planning. The focus included stroke unit care and access to timely and appropriate rehabilitation, including increased access for severe stroke. Changes in acute care, including pre-hospital, have facilitated access to stroke unit care in the city. A model of patient flow from acute care was needed to understand other system capacity needs. Purpose: To use best practice and benchmarks to delineate post-acute patient flow and facilitate alignment of resources for inpatient rehabilitation. Methods: Administrative data from national reporting and local rehab referral system databases were used to review current system usage from acute care. A model of proportional distribution of cases from acute, specifically to inpatient rehab, was established using provincial benchmarks, evidence informed targets, and organization market share of total inpatient rehab system capacity. Iterative discussions were required to confirm the organizations’ commitment to stroke best practice. New volume and case mix changes were applied to determine capacity and resource planning needs across organizations. Results: The best practice model, approved by all stakeholders, proposes 40% of stroke patients discharged alive from acute care should access inpatient, 13% outpatient rehabilitation and 6% to Complex Continuing Care and Long Term Care. Current practice is 26%, <5% and 13% respectively. A projected volume increase of 278 patients is distributed across 5/6 rehab providers. This results in a total proportional system shift from 20% (n=160) to 41.5% (n =446) of severe patients receiving access to high intensity rehab. A reduction in the overall proportion of moderate and mild stroke patients from 65% (519) to 49.5% (n=534) and 15% (n=119) to 9% (n=96) respectively. Conclusion: Significant investment/redistribution of resources within the system is required to support patient flow and provide care in the right place at the right time. System funder support is critical to create a quality of care (best practice) system.

scholarly journals A Conceptual Paper on The Best Financial Management Model That Has Become The Practice of the Malay in Klang Valley

2019 ◽  
Vol 5 (2) ◽  
pp. 15
Author(s):  
Leylawati Joremi
Keyword(s):  
Financial Management ◽  
Best Practice ◽  
Practice Model ◽  
The Public ◽  
Body Of Knowledge ◽  
Quantitative Studies ◽  
Family Finances ◽  
Klang Valley ◽  
Conceptual Paper ◽  
The Government

This conceptual paper is presented with the intention to study the best practice model of financial management, which has become the practice of the Malay in Klang Valley.  It begins by reviewing the literature on household financial management and the behavior of households against finances and debt.  The theory of utility and the life-cycle hypothesis were used as the basis of the study.  This study is inspired by the concerns of the government and the public on the growing bankruptcy issue in Malaysia.  Many previous quantitative studies discussed the flaws in money management.  This study, however, slightly different.  Using a qualitative method, it intends to look at the best practices implemented by the household in managing family finances.  The findings can add value to today's body of knowledge.  Identified themes can be used to design financial modules which are more compatible to be used by all levels of society.

scholarly journals 2013 review of the implementation status of corporate governance disclosures: Case of Egypt

2014 ◽  
Vol 11 (2) ◽  
pp. 591-601 ◽  
Author(s):  
Nermeen F. Shehata ◽  
Khaled M. Dahawy
Keyword(s):  
Corporate Governance ◽  
Best Practice ◽  
Absolute Number ◽  
International Standards ◽  
Subject Areas ◽  
High Level ◽  
Implementation Status ◽  
Minimal Disclosure ◽  
Governance Disclosure

This report is a case study of corporate governance disclosure in Egypt. The study employs the benchmark of good practices in corporate governance disclosure developed by the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR). This benchmark consists of fifty two disclosure items covering five subject areas and is based on a sample of the top 29 listed companies in Egypt. This study is complimentary to an earlier study conducted in 2007: 2007 Review of the implementation status of corporate governance disclosures: case study Egypt. This report compares the results of the current study to the 2007 study. This study finds the average disclosure level is less than half of the items in the ISAR benchmark. While nine items in the ISAR benchmark were disclosed by more than two-thirds of the companies in the study, forty items were disclosed by less than half. The absolute number of disclosure items found for each company ranged from 5 to 43, indicating a high level of variability between ‘best practice’ companies and companies with minimal disclosure practices. The study concludes that while the sample has relatively high rates of disclosure for few items, and the average disclosures in 2010 almost doubled the 2005 average disclosures in Egypt for several categories, they are still low levels compared to the average emerging markets levels. Policy options discussed include penalizing companies for undisclosed items, and providing education and training for executives and directors to enhance the awareness of the rapidly evolving regulatory environment, as well as the underlying importance of corporate governance disclosure

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