The Future of Corporate Governance: Network Governance – A Lesson from the Financial Crisis

During the period 2006 - 2010, 49 finance companies, in New Zealand, collapsed or entered moratoriums, owing investors in excess of $8 billion, and the fingers of blame continue to point in circles. The blame for this tremendous financial crisis is extensive and a consolidation of arguments is essential for the wider understanding of the topic and to put responsibilities into perspective. A part of this paper is to recognize who can and is being held legally responsible for investors’ sake, and also identify parties who have failed their responsibilities. We have highlighted the major issues created by corporate governance being the most direct cause of finance company failure in NZ. We believe in some way these findings will help avoid a similar crisis in the future and resolve a still commonly blurred line in public opinion.

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Japan’s financial crisis in 1992 and unbalanced incentives

Corporate Ownership and Control ◽

10.22495/cocv11i3conf2p1 ◽

2014 ◽

Vol 11 (3) ◽

pp. 388-398

Author(s):

Yutaka Harada

Keyword(s):

Corporate Governance ◽

Financial Crisis ◽

Financial Institutions ◽

Financial Crises ◽

Banking Crises ◽

Monetary Base ◽

Bank Supervision ◽

The Future ◽

Ministry Of Finance ◽

Bad Loans

In this paper the author analyzes corporate governance in the wake of a financial crisis. In Section 1, the author will explain why the banking crises occurred and how we can avoid them in the future. And in Section 2, there will be discussion on Japan’s financial crises in 1990s, focusing on why Japan’s financial authorities delayed efforts to resolve the NPL issue and why they did not try to expand the monetary base. The bank supervision authority (Ministry of Finance at that time) and financial institutions had incentives to delay the disposal of bad loans. They wanted to cloud their responsibilities by delaying the disposal. Their strategy had the desired effect, as many escaped their responsibilities because of the delay

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Mobilising resiliency in times of economic hardship: Emerging themes in migrant worker remittance payments

MIGRATION LETTERS ◽

10.33182/ml.v7i2.189 ◽

2014 ◽

Vol 7 (2) ◽

pp. 159-167

Author(s):

Kevin Garlan

Keyword(s):

Financial Crisis ◽

Global Financial Crisis ◽

Migrant Worker ◽

Economic Hardship ◽

Priority Areas ◽

Mobile Payments ◽

Payment Methods ◽

The Future ◽

Emerging Themes ◽

The Global Financial Crisis

This paper analyses the nexus of the global financial crisis and the remittance markets of Mexico and India, along with introducing new and emerging payment technologies that will help facilitate the growth of remittances worldwide. Overall resiliency is found in most markets but some are impacted differently by economic hardship. With that we also explore the area of emerging payment methods and how they can help nations weather this economic strife. Mobile payments are highlighted as one of the priority areas for the future of transferring monetary funds, and we assess their ability to further facilitate global remittances.

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