OECD corporate governance principles

Level: Undergraduate | Grade: 2.1 | Approx. Word Count: 3,000

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Overview

The upsurge in the corporate failures that occurred during the late decades of the nineteenth-century and the early part of the 2000s, including Enron and WorldCom, resulted in increased focus of national, regional and international corporate regulators on the development and implementation of more stringent corporate governance principles aimed at reducing the re-occurrence of these events 

In 2004, the OECD published is principles of corporate governance. However, research has confirmed that the international adoption of these principles has been challenged by the different approaches to competitiveness across individual nations. The aim of the current paper is to examine these challenges as they exist in three national environments, namely Japan, Germany and the UK, with a view to evaluating how this has affected the international harmonisation of the OECD principles.