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Corruption and governance in Asia
 
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Corruption and governance in Asia
 
 
Palgrave Macmillan
 
 
 
 
 
15 Nov 2002
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£105.00
|Hardback Print on Demand
  
9781403905604
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DescriptionReviewsContentsAuthors

This book delves into the nature of governance in Asia both at government and corporate level. It reviews the history and suggests potential solutions for years of underperformance due to the corrupt practices that have developed because of a poor understanding of corporate governance. The authors are experts in practices in Asia and their views are expressed in a sympathetic manner, at no time insisting that a western model of governance is correct. Instead the authors advise local models appropriate to the state of development and suggest that individual countries institute behavioural models that will mature as nations quickly develop in an increasingly global world.


Description

This book delves into the nature of governance in Asia both at government and corporate level. It reviews the history and suggests potential solutions for years of underperformance due to the corrupt practices that have developed because of a poor understanding of corporate governance. The authors are experts in practices in Asia and their views are expressed in a sympathetic manner, at no time insisting that a western model of governance is correct. Instead the authors advise local models appropriate to the state of development and suggest that individual countries institute behavioural models that will mature as nations quickly develop in an increasingly global world.


Reviews

'Frank-Jürgen Richter and John Kidd have rendered a valuable service to management, majority and minority shareholders, other corporate stakeholders and to their respective advisors, in producing Corporate Governance in Asia. It serves well those who are eager to gain a deeper understanding of the current level of development of governance in Asian countries and what can be done to improve it.' - Joseph W. Ferrigno, III, President & Chief Executive, Prudential Asia Infrastructure Investors (HK) Limited

'For Asia to create the much needed capital market that is active, dynamic, and transparent, there must be a fair and level playing field for all participants. Corporate governance is the pre-requisite before such field can be established'. - Philip Liang, Managing Director, Priasia Limited, Taiwan

'This book highlights the needs of managers to understand corporate governance in all firms and institutions - not just in the major western firms. In Asia, a rather special region in many ways, our methods of working might be seen to be at odds with the rest of the world. We have our historical reasons, which the book clearly shows. It also illustrates that without being transparent and open our sometimes-secretive society cannot join fully the developed world. The book creates a good platform for learning'. - Chang Yung-fa, Chairman, Evergreen Group, Taiwan

'This book covers most of the central issues that are facing governments and corporations in Asia. And clearly, as seen through the unfolding of recent events, these issues affect every firm and institution globally as they re-assess their ethics and governance structures. Thus the good common sense described by the authors, as they details the facts and solutions in their expert field, might act as a good base for future negotiations at the WTO. We must learn to understand the others in order to progress'. - Sun Qiang Chang, Managing Director, Warburg Pincus, Hong Kong SAR

'This book highlights aspects of corporate governance that just will not lie down and be hidden. It emphasises the results of historical weak governance and the results thereof. Admittedly some of the 'blame' - f that's what we may say - lies in the historic teachings of Confucius, but that might be a too-easy scapegoat. In the recent past firms have become globalised, and there was, even then, a clear need to be transparent and not hide corporate activities from global partners under the guise of local rites and mysteries'. - Hasung Jang, People's Solidarity for Participatory Democracy, Republic of Korea

'Good corporate governance laws are an essential ingredient of developing Asia's economies. This book makes an important contribution to the debate on corporate governance in Asia.' - Terence J. Paradine, Chairman Asia Pacific, Marsh & McLennan


Contents

Introduction; J.Kidd & F.Richter
The Challenge of Corruption in the International Corporate Environment; S.Dearden
Poor Corporate Governance; C.Gan
A Two-Stage model of Cronyism in Organizations; N.Khatri, J.Johnson & Z.Ahmed
Understanding the Mind of the Chinese; S.Low
The Competitive Advantage with Chinese Characteristics; M.Nojonen
The Economics of Corruption and Cronyism; B.Krug & H.Hendriscke
Taming the Sokaiya; T.Ursacki
Fighting Against Corruption; M.Maiko, K.Gordon & I.Taka
Singapore's Anti-Corruption Strategy; J.Quah
A Human Resource Development Programme to Foster Individual Moral Development in Indian Corporations; D.Heaton, T.Carlisle & I.Brown
Corruption in Asia; P.Robins
Doing the Right Thing; H.Cheah & M.Cheah


Authors

JOHN B. KIDD was educated in the UK and worked for several major UK organizations before returning to University scholarship. In the Universities of Birmingham and now Aston Business School his research focused on the development of IT use in SMEs; the management of projects; and the softer management issues that concern multi-national joint ventures. He has held visiting professorships in several European Universities, and in the China Europe International Business School, Shanghai.

FRANK-JÜRGEN RICHTER is the Director in charge of Asia at the World Economic Forum, Geneva. He was educated in Germany, France, Mexico and Japan. At one time he was based in Beijing for several years where he managed the operations of a European Multi-national enterprise: there he developed a keen interest in Asian business practices.