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Code and Culture in Asian Corporate Governance

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Presentation on theme: "Code and Culture in Asian Corporate Governance"— Presentation transcript:

1 Code and Culture in Asian Corporate Governance
Prof. Lawrence S. Liu Lee and Li, Attorneys at Law, and Soochow University Taipei March 26, 2003  Kuala Lumpur, Malaysia OECD 5th Asian Corporate Governance Roundtable

2 Cultural Context for Corporate Governance Codes
Malaysian Best Practice Code as A Case in Point "Legal Culture": Commonwealth and Common Law "Culture Culture" "Business Culture"

3 Industry/Market Pressure Soft Law
Features and Functions of Best Practice Codes Comply or Disclose Industry/Market Pressure Soft Law

4 Post-Enron Reflections on Best Practice Codes in Asia
Best Practice Guidelines Still Important But Shifting Focus towards "Hard Law" Also Shifting Focus towards "Hard Enforcement"

5 THANK YOU

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