Forms of Industrial Finance and Corporate

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...... In order to diminish the negative effects of the weak points of this system, the United Kingdom has developed a slightly different corporate governance model. This model is more flexible and it is known as the comply or explain code of governance. This corporate governance model grants more power to shareholders and less power to the board of directors and chief executive officer, which have a greater responsibility in explaining their actions to shareholders
In Asian countries companies the non Anglo-American model of corporate governance is applied. In such countries, the government involves more in the companies activity, slightly limiting the companies power to action. In cases like this, a different approach to corporate governance is required, as it is more difficult to promote a liberal corporate governance model when the government involves so much in the companies activity......

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