ABSTRACT
This chapter presents a consequence need to be cognizant of the range of issues have to be considered when investigating board effectiveness in developing and emerging markets. The chapter also provides an overview of the key concepts discussed in this book. The book considers the use of codes of behaviour and codes of conduct as mechanisms for improved board effectiveness. It highlights the distinctive character of boards in developing and emerging markets and that existing research has largely failed to accommodate this in prescriptive solutions. The book shows that concentrated ownership, through the state, can likewise undermine board effectiveness, and again, that the needed to be addressed if economic progress was to be sustained. It considers the importance of subsidiary firms having the same powers as their multinational parents. The book focuses on the potential of institutional shareholders to protect minority rights in developing and emerging markets and raised important questions for future research.
