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
1. INTRODUCTION
2. RESEARCH LITERATURE REVIEW
2.1 Theory of Corporate Governance, Scandal and Market Manipulation
2.1.1 Theory of manipulation
2.1.2 Theory of corporate governance and financial crisis
2.2 Research methodology
3. EMPIRICAL FINDINGS
3.1 A- Findings on Corporate governance issues after financial crisis, corporate scandals and market manipulation
3.2 B- Findings on Ways of Manipulation during Corporate Scandals
3.2.1 B.1 – The manipulation techniques in the income statement:
3.2.2 B.2 - The manipulation techniques in both the income statement and balance sheet:
3.2.3 B.3 - The manipulation techniques relevant to international accounting practice code:
3.2.4 B.4 - Other manipulation techniques net belong to above classifications:
3.3 C- Actions on Preventing or Controlling negative manipulation
3.4 D- Findings on Construction of a Limited Common Northern Asian Corporate Governance standards
3.4.1 <D.1> - Group 1 – Northern Asia representative corporate governance standards analysis
3.4.2 <C.2> -Group 2 – Relative Good Corporate governance group analysis
3.4.3 D.3- The 1st Establishment of a so-called Northern Asian Limited Comparative Corporate Governance standards
4. CONCLUSIONS
Research Objectives and Themes
The primary objective of this research is to analyze and compare corporate governance standards across selected Northern Asian countries, specifically Bangladesh, Mongolia, Pakistan, and Singapore. The study aims to identify strengths and weaknesses in current codes and practices, evaluate them in the wake of the 2007-2009 financial crisis, and propose a set of common "limited" standards to improve sustainable business practices and organizational integrity.
- Comparative analysis of corporate governance codes in selected Asian nations.
- Evaluation of the impact of financial crises and corporate scandals on governance systems.
- Identification of common manipulation techniques in financial and accounting reporting.
- Development of a model for sustainable corporate governance standards.
- Recommendations for governments and institutions to enhance internal controls and board independence.
Excerpt from the Book
B.1 – The manipulation techniques in the income statement:
Here, the company’s revenues are recorded when the company is not completing all services committed. Or managers join in cooking the firm books and manipulating the company earnings. For example, in the 2006 Healthsouth scandal, the company earnings was boosted ($1.4 billion from 1996 to 2003) with fictious transactions.
Summary of Chapters
1. INTRODUCTION: Outlines the research scope, focusing on corporate governance practices in Northern Asian countries post-financial crisis and the organizational structure of the paper.
2. RESEARCH LITERATURE REVIEW: Examines existing European corporate governance studies and introduces theoretical frameworks regarding market manipulation and the role of corporate governance during financial crises.
3. EMPIRICAL FINDINGS: Provides a detailed analysis of corporate governance issues, specific manipulation techniques in accounting, and constructs comparative standards for Northern Asian corporate governance models.
4. CONCLUSIONS: Summarizes the key insights, reinforcing the necessity of implemented governance standards to enhance reputation and economic growth, while acknowledging the specific contributions of the analyzed country codes.
Keywords
corporate governance standards, board structure, code of best practice, financial crisis, corporate scandals, market manipulation, internal audit, sustainable development, accounting manipulation, non-GAAP, organizational integrity, Northern Asia, Bangladesh, Mongolia, Singapore, Pakistan.
Frequently Asked Questions
What is the core focus of this research?
The research focuses on analyzing and comparing corporate governance standards in selected Northern Asian countries (Bangladesh, Mongolia, Pakistan, and Singapore) to identify systemic weaknesses and propose sustainable governance improvements.
What are the primary thematic areas covered?
The study covers corporate governance codes, board structures, financial crisis impacts, corporate scandals, accounting and market manipulation, and the creation of standardized governance models.
What is the ultimate goal of the work?
The primary goal is to provide a set of comparative governance principles that help organizations in Northern Asia re-evaluate their current systems to ensure greater vitality, growth, and stability.
Which scientific method is applied?
The author performs a comparative analysis of corporate governance principles across two distinct groups of countries and utilizes international benchmarks, such as ADB and OECD standards, to refine the proposed models.
What topics are discussed in the main body?
The main body discusses the literature on corporate governance, identifies specific manipulation techniques (e.g., income statement tampering), and evaluates country-specific codes in detail through comparative tables.
Which keywords best characterize this study?
Key terms include corporate governance standards, board structure, market manipulation, corporate scandals, internal audit, and sustainable development.
How does the author categorize manipulation techniques?
The author classifies them into manipulation in the income statement, manipulation affecting both the income statement and balance sheet, and techniques related to international accounting practices.
What specific role do the "Exhibit" sections play?
The Exhibit sections provide detailed, summarized evaluations of the corporate governance codes of Mongolia, Singapore, and Pakistan, facilitating a clear comparative overview of the subjects and parties involved.
- Citar trabajo
- Dinh Tran Ngoc Huy (Autor), 2014, The Analytical Buildings of Singapore and some Northern Asian Corporate Governance Standards after the Global Crisis, Múnich, GRIN Verlag, https://www.grin.com/document/387062
