Corporate governance on a global basis
Today in the Financial Times, Robinson Hambro was interviewed on corporate governance divergencies between different countries. The transcript is below.
How wide are the differences in board corporate governance between countries?
The differences all over the world are narrowing due to the global nature of capital. For instance, the concept of independent directors is taking hold. Although they exist in name in, say, Hong Kong, the authorities there are seeking to crack down on those who hold too many directorships to be effective. They are considering requiring independent non-executives to comprise one third of a listed company’s board. Only a fourth of listed companies currently meet this requirement.