This research paper written for the University of East London attempts to critically examine the role of “Globalisation” in the development of international corporate governance standards and best practices for corporations and comment on the limitations in ensuring greater conformity with such standards among corporate entities.
Abstract: Globalization is the process which integrates world economies, culture, technology and governance. Specifically, in this rapidly globalizing world, there is a need for international corporate governance standards and practices in addressing multinational and global challenges. The objective of this paper is to evaluate the roles of globalization in the development of international corporate governance standards and best practices for corporations doing international business. Findings indicated that globalization will impact on key corporate governance systems activities including knowledge and information transfer, portfolio investments, market integration, human capital mobility and financial management. Key limitations of complying with international corporate governance include conflict of interest and management issues due to differences in how countries view various factors inherent to the business environment. Research implications were also discussed.
Keywords: Globalization, Corporate governance, International corporate governance
Last updated January 30, 2013.
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Last updated: May 25, 2018
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The Policy was updated in May 2018 to comply with the General Data Protection Regulations.