Developments in Corporate Governance: Emerging Market Perspective

This book explores the dynamic landscape of corporate governance, focusing on the perspective of emerging markets. It delves into the evolving governance frameworks of these markets, highlighting variations in board structures, CEO roles, and director compositions due to diverse traditions and cultures. Emerging markets differ significantly from developed markets, characterized by concentrated ownership and the prevalence of family business groups within weak property rights environments. Additionally, there is a notable tension between direct ownership and control rights in these markets. The book's relevance is underscored by the growing importance of emerging markets in the global economy. These markets have contributed significantly to global output and growth, rapidly integrating into global trade and finance networks. Advocating for a dynamic view of corporate governance, the book emphasizes the need for continuous evaluation and adaptation of governance practices. It covers contemporary governance topics such as the role of whistle-blowers, governance challenges in start-ups, governance practices in family firms, and evolving governance regulations in emerging economies. This diverse coverage deepens readers' understanding of developments in governance issues, particularly within emerging economies.