Asia’s Governance Challenge

Corporate governance has undoubtedly improved in Asia. Some countries-Singapore in particular-have made significant progress. The next step is to instill the new behavior, and that will take time. Many corporate leaders, investors, and regulators in Asia articulate the benefits of more effective corporate governance. But they understand that enduring reform won’t be achieved overnight and that, in the short term, many practical impediments and disincentives … [ Read more ]

Corporate Reform in the Developing World

Advocates of more effective corporate governance have been focusing on corporate reform at the expense of institutional reform. Now is the time to change tactics.