Policing corporate governance: compliance and enforcement The perennial problem

Let me start by making a prediction. In years to come, when convergence has been largely achieved in international accounting standards, when codes of corporate governance are indistinguishable the one from the other except for nuances of locality and language, and when the optimum structure for a board, the role of independent directors, the nature of remuneration for directors and executives, and all the other structural paraphernalia of corporate governance are distinguished largely by sector and company size rather than jurisdiction – a triumph of globalization – there will still be articles written and studies commissioned on compliance and enforcement. This will never go away. Asia will be no exception to this.