International Corporate Governance: A Comparative Analysis of Corporate Governance Models and Emerging Markets

Kelly Holding
Bangor University

International Corporate Governance: A Comparative Analysis of Corporate Governance Models and Emerging Markets

‘Corporate governance has become one of the most commonly usephrases in the current global business vocabulary  but what exactly does it mean? The UK Corporate Governance code explains that it is ‘what the board of a company does and how it sets the values of the company and is to be distinguished from the day to day operational management of the company by full-time executives’ Its purpose is ‘to facilitate effective entrepreneurial and prudent management that can deliver the long-term success of the company’ 
Therefore in basic terms corporate governance is the manner in which a corporate company is controlled.
This essay will examine the different models of corporate governance including its history, the fundamental principles and current issues of the differing corporate governance structures. It will thecompare the Anglo-US model with that of the emerging Eastern Europe market, mainly focusing on that of Russia as reform of the Russian Corporate Governance Code is currently underway due to the privatisation of many major Russian corporations.

Deloitte sponsors the London Stock Exchange Financial Markets Forum to be held on June 1 in Baku with participation of the Lord Mayor of the City of London

Baku, Fineko/ Deloitte is delighted to announce that it has become a sponsor of The London Stock Exchange Financial Markets Forum which will be held at the Four Seasons Hotel, Baku, on 1 June 2015.

According to Deloitte, the premier event will focus on the macroeconomic outlook of Azerbaijani economy, current situation in the country’s capital markets and international financing opportunities, as well as latest developments in the UK and Azeri corporate law.

“The Rt. Hon. Alan Yarrow, The Lord Mayor of the City of London who will be visiting Baku, will make an opening speech at the Forum,” Deloitte says.

Read more …

Brittain boosts women bosses

ONE of the UK stock market’s biggest investors has renewed its calls for greater gender diversity in boardrooms as the FTSE 100 gained its sixth female chief executive with Alison Brittain becoming the new boss of Whitbread.


Legal & General Investment Management, which looks after £736billion on behalf of clients including over 3,000 of the UK’s biggest pension funds, said it would vote against the chairman of companies if it believes they are failing to heed calls for more women directors.

Read more …

Top FTSE 100 investor: board pay must be in line with workforce

While base salaries often represent a small part of executives’ rewards, most bonus plans are set at a multiple of salary

One of Britain’s biggest investors has used its annual governance report to urge companies to stop executive salary increases getting out of proportion with pay deals handed to their wider workforces.

Sacha Sadan, director of corporate governance at Legal & General Investment Management (LGIM), said high levels of executive pay “quite rightly remain a burning issue with the media and the British public”.

Read more …

Corporate governance: Board responsibilities – CP18/15

The PRA has published Consultation Paper 18/5: Corporate governance: Board responsibilities (CP18/15). CP18/15 is relevant to all PRA-regulated firms and seeks views on a draft supervisory statement which identifies some key aspects of good board governance to which the PRA attaches particular importance in the conduct of its supervision. However, the supervisory statement is not intended to be a comprehensive guide to good corporate governance and there are other sources including the Financial Reporting Council’s Corporate Governance Code.

Read more …

IIA backs greater governance call from PRA’s Bailey

The IIA will be responding to the PRA’s consultation on “how the board gets assurance that its policies and processes are being carried out effectively and that it gets the right quality of management information”

THE CHARTERED INSTITUTE of Internal Auditors (IIA) has backed the Prudential Regulation Authority’s (PRA) call for ramping up corporate governance within organisations and boards playing an even more central role in ensuring its deeper take-up.

Read more ,,,

Risk Management and Financial Institutions

The most complete, up to date guide to risk management in finance
Risk Management and Financial Institutions explains all aspects of financial risk and financial institution regulation, helping readers better understand the financial markets and potential dangers. This new fourth edition has been updated to reflect the major developments in the industry, including the finalization of Basel III, the fundamental review of the trading book, SEFs, CCPs, and the new rules affecting derivatives markets. There are new chapters on enterprise risk management and scenario analysis. Readers learn the different types of risk, how and where they appear in different types of institutions, and how the regulatory structure of each institution affects risk management practices. Comprehensive ancillary materials include software, practice questions, and all necessary teaching supplements, facilitating more complete understanding and providing an ultimate learning resource.

All financial professionals need a thorough background in risk and the interlacing connections between financial institutions to better understand the market, defend against systemic dangers, and perform their jobs. This book provides a complete picture of the risk management industry and practice, with the most up to date information.

Understand how risk affects different types of financial institutions
Learn the different types of risk and how they are managed
Study the most current regulatory issues that deal with risk
Risk management is paramount with the dangers inherent in the financial system, and a deep understanding is essential for anyone working in the finance industry; today, risk management is part of everyone′s job. For complete information and comprehensive coverage of the latest industry issues and practices, Risk Management and Financial Institutions is an informative, authoritative guide.

%d bloggers like this: