The aim of this paper is to present a set of comparative corporate governance standards in some Northern Asian countries including: Bangladesh, Mongolia, Pakistan plus Singapore. There are strengths and weaknesses in these codes or practices which will be identified in this paperwork.
Hence, this paperwork not only identifies different points in latest corporate governance standard principles and systems in the above four (4) countries, but also provides with a summary of evaluation of current corporate governance systems in these above countries which may enable relevant organizations in re-evaluating their current ones. Last but not least, it aims to illustrate a limited comparative set of standards of Northern Asian corporate governance, and give proper recommendations to relevant governments and institutions toward a sustainable practices in business life.
Table of Contents
- Introduction
- Research Literature Review
- Theory of Corporate Governance, Scandal and Market Manipulation
- Theory of manipulation
- Theory of corporate governance and financial crisis
- Research methodology
- Empirical Findings
- Findings on Corporate governance issues after financial crisis, corporate scandals and market manipulation
- Findings on Ways of Manipulation during Corporate Scandals
- The manipulation techniques in the income statement
- The manipulation techniques in both the income statement and balance sheet
- The manipulation techniques relevant to international accounting practice code
- Other manipulation techniques net belong to above classifications
- Actions on Preventing or Controlling negative manipulation
- Findings on Construction of a Limited Common Northern Asian Corporate Governance standards
- Group 1 – Northern Asia representative corporate governance standards analysis
- In Bangladesh
- Group 1 – Northern Asia representative corporate governance standards analysis
Objectives and Key Themes
The purpose of this paper is to offer a comparative analysis of corporate governance standards in Bangladesh, Mongolia, Pakistan, and Singapore. By examining the strengths and weaknesses of these standards, the paper aims to provide a comprehensive overview of the current state of corporate governance in Northern Asia. The paper further seeks to offer recommendations to governments and institutions to promote sustainable business practices in the region.
- Comparative analysis of corporate governance standards in selected Northern Asian countries.
- Identification of strengths and weaknesses in existing standards.
- Evaluation of current corporate governance systems in the region.
- Recommendations for improving corporate governance practices in Northern Asia.
- Exploration of the impact of corporate governance on financial stability and economic growth.
Chapter Summaries
The paper begins with a review of existing research on corporate governance in Europe, highlighting the trend toward convergence in internal control mechanisms and the impact of the 2009 financial crisis. The second chapter explores theoretical frameworks of corporate governance, manipulation, and financial crisis. The third chapter presents empirical findings through a comparative analysis of corporate governance codes in selected Northern Asian countries, focusing on Bangladesh. The analysis includes a detailed summary evaluation of the 2004 Code of Corporate Governance in Bangladesh.
Keywords
The paper focuses on corporate governance standards, board structure, code of best practice, financial crisis, corporate scandals, market manipulation, and internal audit. The analysis draws on relevant international standards, such as those developed by the Asian Development Bank (ADB) and the Organisation for Economic Co-operation and Development (OECD).
Frequently Asked Questions
What is the main goal of this comparative analysis?
The paper aims to present and compare corporate governance standards in Bangladesh, Mongolia, Pakistan, and Singapore, identifying their strengths and weaknesses.
How did the global financial crisis affect corporate governance?
The 2009 crisis highlighted flaws in internal control mechanisms and led to a re-evaluation of governance standards to ensure financial stability and prevent market manipulation.
What are common manipulation techniques used during corporate scandals?
Techniques include manipulation of the income statement, balance sheet adjustments, and practices that deviate from international accounting codes.
What are the recommendations for Northern Asian governments?
The paper recommends adopting sustainable business practices and aligning national codes with international standards like those from the ADB and OECD.
Which specific corporate governance code in Bangladesh is evaluated?
The analysis provides a detailed summary evaluation of the 2004 Code of Corporate Governance in Bangladesh.
What role does board structure play in corporate governance?
Board structure is a key theme, as it defines the oversight and decision-making processes necessary to prevent scandals and ensure accountability.
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- Dinh Tran Ngoc Huy (Autor:in), 2014, The Analytical Buildings of Singapore and some Northern Asian Corporate Governance Standards after the Global Crisis, München, GRIN Verlag, https://www.grin.com/document/387062
