Strengthening the independence criteria: a comparison of the United Kingdom, Malaysia, Hong Kong and Singapore
Since the Asian economic crisis, most Asian countries have carried out reform of their law and regulatory frameworks to address their shortcomings and to prevent a repeat of the economic crisis that some attributed to corporate governance failure. Malaysia, Singapore and Hong Kong have recently...
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| Format: | Article |
| Language: | English |
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Sweet & Maxwell
2010
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| Online Access: | http://irep.iium.edu.my/1931/ http://irep.iium.edu.my/1931/ http://irep.iium.edu.my/1931/1/2010_ICCLR_Issue_7_Mohd-Sulaiman_Article%5B1%5D.pdf |
| Summary: | Since the Asian economic crisis, most Asian countries
have carried out reform of their law and regulatory
frameworks to address their shortcomings and to prevent
a repeat of the economic crisis that some attributed to
corporate governance failure. Malaysia, Singapore and
Hong Kong have recently revised their applicable corporate governance codes or principles.This discussion provides a comparative study of the differences and similarities in these Codes in relation to: (1) the role of the independent non-executive directors; (2) the independence criteria; and (3) disclosure and verification of the independence criteria. This can be used to provide benchmarking of the applicable rules to counter perceptions of a weak institutional framework on corporate governance. |
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