scholarly journals A Study of Institutional Change: Corporate Governance Reform in Britain

2002 ◽  
Vol 16 (2) ◽  
pp. 33-47
Author(s):  
Tae-Soo Ha
Keyword(s):  
Corporate Governance ◽  
Self Regulation ◽  
Governance Reform ◽  
Anglo Saxon ◽  
Finance Industry ◽  
Governance Model ◽  
Institutional Structures ◽  
Corporate Governance Reform ◽  
Industry Relationship ◽  
Corporate Governance Model

This article analyzes corporate governance reform in Britain from the viewpoint of historical institutionalism. There have been three stages of reforms since the early-1970s: pure self-regulation, semi-statutory self-regulation and statutory regualtion. Despite these changes, however, there appeared institutional persistence, the maintenance of the Anglo-Saxon Corporate Governance Model. Although there had been several movements that had intended to introduce the Germany-originated Rhine Model to Britain, they all failed. This phenomenon resulted from three institutional structures: the Outside Initiative Policy Agenda-Setting Model, finance-dominating finance-industry relationship and the relatively strong and autonomous status of the British economy within the world economy.

Disclosure by Indian companies following corporate governance reform

2015 ◽  
Vol 16 (1) ◽  
pp. 114-137 ◽  
Author(s):  
Santhosh Abraham ◽  
Claire Marston ◽  
Edward Jones
Keyword(s):  
Corporate Governance ◽  
Self Regulation ◽  
Annual Reports ◽  
Governance Reform ◽  
Content Type ◽  
Bonding Theory ◽  
Disclosure Requirements ◽  
Corporate Governance Reform ◽  
Clause 49 ◽  
Governance Disclosure

Purpose – The purpose of this paper is to investigate Indian companies’ compliance with the mandatory and voluntary corporate governance disclosure requirements of the Stock Exchange Board of India’s Clause 49. Design/methodology/approach – The authors develop a corporate governance disclosure index and sub-indices based on Clause 49. Annual reports of listed Indian companies are scored according to their disclosures in two periods – pre and post amendments to Clause 49. Findings – Indian companies are highly compliant with corporate governance disclosure requirements of Clause 49. Disclosure increases significantly after amendments to Clause 49 as the penalties for non-compliance increase in severity. Government controlled firms disclose significantly less than privately owned firms. Research limitations/implications – The findings are consistent with bonding theory and the authors note that the presence of an independent regulator (with powers to take action against violators) provides corporate India with additional incentives to comply with corporate governance reform. Practical implications – These findings have important implications for policy makers and regulators as they contribute to the debate on the choice between formal corporate governance regulation versus informal self-regulation. The study also has implications for understanding factors associated with the adoption of disclosure practices in general. Originality/value – This is the first study to examine disclosure compliance in a major developing country pre and post amendments to mandatory corporate governance requirements. Prior evidence indicates a low level of disclosure in India but our results demonstrate an improvement in line with our theoretical predictions that suggests, India is converging towards an Anglo-Saxon model of corporate governance.

scholarly journals A New Framework of Corporate Governance for Waqf: A Preliminary Proposal

ICR Journal ◽  
2015 ◽  
Vol 6 (3) ◽  
pp. 353-370
Author(s):  
Mohammad Abdullah
Keyword(s):  
Corporate Governance ◽  
Substantial Proportion ◽  
Islamic Finance ◽  
Finance Industry ◽  
Exact Data ◽  
Governance Model ◽  
Regulatory Guidelines ◽  
The World ◽  
Corporate Governance Model ◽  
New Framework

The global cumulative waqf assets have been estimated to be worth $105 billion. Though, this estimation is not based on exact data, it reflects only a glimpse of what the institution of waqf may entail in the process of and struggle for socio-economic upliftment of the ummah. However, despite possessing the potential of improving society, a substantial proportion of total awqaf is still lying dormant across the world. In modern day economy, waqf has taken a new trajectory, both as a product and as an institution/legal entity, especially in the Islamic finance industry. Consequently, this scenario automatically demands that the institution be fairly regulated and closely monitored. However, not much has been written in the corporate governance area of waqf. This article has three aims: firstly, to briefly examine the salient features of waqf from the perspective of fiqh al-awqaf, secondly, to explore the evolution of the fiqh al-awqaf in the light of waqf being metamorphosed into a corporation-like entity, and finally, to propose the possibilities of how a corporate governance model can be developed for the institution based on the existing waqf rulings and modern regulatory guidelines.

scholarly journals The Italian two-tiers model. Evidence and comparison with some other countries

2015 ◽  
Vol 12 (3) ◽  
pp. 388-396 ◽  
Author(s):  
Roberta Provasi ◽  
Patrizia Lucia Maria Riva
Keyword(s):  
Corporate Governance ◽  
Comparative Analysis ◽  
Dual Model ◽  
Anglo Saxon ◽  
Governance Model ◽  
Governance Systems ◽  
Tier System ◽  
And Control ◽  
Corporate Governance Model ◽  
First Time

New dynamics and globalized economy has led to the need to modify the Corporate Governance systems. Many countries have not identified a unique model for the company management but they allow free choice between continuing to use the traditional models adopted by the country itself or implementing different models sometimes considered more suitable with the aims and operational management of the companies. The new Corporate Governance model introduced in the most global jurisdictions is the two-tiers model (or dual model) considered the most suitable to achieve a better separation between ownership and control and to ensure a better transparency. The introduction of the two-tier system of Corporate Governance is not without uncertainty; it has affected all countries except the Anglo-Saxon ones. The purpose of this research is to investigate the features of the dualistic governance model in some countries different for their culture and legislative system. In particular the research aims to point out the characteristics of the dual model introduced for the first time in the Italian Legal System by Law No. 6/2003 and to perform a comparative analysis with the most consolidated two-tiers model implemented in Germany (which is considered the benchmark), in some other European countries (France and the Nordic countries) and with the experiences of Asian countries and in particular of Japan. From the comparative analysis we try to understand whether differences in purposes and ways of implementation can be pointed out

Research on Enterprise Management Model Based on Internet E-ERP

2014 ◽  
Vol 971-973 ◽  
pp. 2364-2367
Author(s):  
Ying Pan
Keyword(s):  
Corporate Governance ◽  
Current Trend ◽  
Enterprise Management ◽  
Governance Reform ◽  
Enterprise Development ◽  
Model Framework ◽  
External Resources ◽  
Erp System ◽  
Governance Model ◽  
Corporate Governance Model

In the Internet era of corporate external resources has become an important factor affecting the ability of enterprise development, the traditional ERP system is not concerned about the limitations of the existence of the enterprise, such as the use of external resources. This paper analyzes the deficiencies of ERP, combined with the current trend of corporate governance reform, discusses the development of E-ERP model and its relationship with CRM, integration of EC, and have proposed a more practical E-ERP system model framework, corporate governance model for the future were discussed.

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