MODELS OF CORPORATE GOVERNANCE

THREE MODELS OF CORPORATE GOVERNANCE FROM DEVELOPED CAPITAL MARKETS

EACH MODEL IDENTIFIES THE FOLLOWING CONSTITUENT ELEMENTS:

Key players in the corporate environment Share ownership pattern in the given country Composition of the board

The Regulatory framework Disclosure requirements for publicly listed stock corporations Corporate actions requiring shareholder approval Interaction among key player

KEY PLAYERS ANGLO US MODEL

REGULATORY FRAMEWORK The regulatory framework of corporate governance in the UK is established in parliamentary acts and rules established by self regulatory organizations such as securities and investment board which is responsible for oversight of securities market.

REGULATORY FRAMEWORK The primary regulatory bodies are the Securities Bureau of Ministry of Finance, and the Securities Exchange and Surveillance Committee