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The Critical Thinking Of Some Western European Corporate Governance Standards After Financial Crisis, Corporate Scandals And Manipulation

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  • Dinh TRAN NGOC HUY

    (Banking University, HCMC, Viet Nam - Graduate School of International Management, International University of Japan, Niigata, Japan)

Abstract

After the recent global crisis, corporate scandals and bankruptcy in US and Europe, there is some certain evidence on weak auditing, risk management, accounting and audit system. This paper chooses a different analytical approach and among its aims is to give some systematic opinions on corporate governance criteria as a benchmark for stock markets. Firstly, it classifies limited Western European representative corporate governance (CG) standards into two (2) groups: The Netherlands and Belgium latest CG principles covered in group 1 and, group 2, including corporate governance principles from Italy and Austria, so-called relative good CG group, while it uses OECD and ICGN principles as reference. Secondly, it identifies through analysis the differences and advantages between the above set of standards which are and have been used as reference principles for many relevant organizations. Third, it establishes a selected comparative set of standards for Western European representative corporate governance system in accordance to international standards. Last but not least, this paper covers some ideas and policy suggestions.

Suggested Citation

  • Dinh TRAN NGOC HUY, 2013. "The Critical Thinking Of Some Western European Corporate Governance Standards After Financial Crisis, Corporate Scandals And Manipulation," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 2, pages 54-72, October.
    • Handle: RePEc:cmj:networ:y:2013:i:2:p:54-72
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    References listed on IDEAS

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    More about this item

    Keywords

    Corporate governance standards; Board structure; Code of best practice; Financial crisis; Corporate scandals; Market manipulation; Internal audit;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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