Already shareholder groups that push for better corporate governance have been formed in five Asian countries.
This was the argument made at the conference by Robert Monks, a veteran agitator for better corporate governance.
ECONOMIST: What role should corporate citizens play in politics?
That caution, in turn, has led to better corporate governance among borrowers.
Mr Jang is a crusader for better corporate governance at the chaebol.
Boris Fedorov, a prominent champion of better corporate governance in Russia's biggest companies, and one of Sberbank's independent directors, believes that the move is mistimed.
Things got even livelier when a third giant of the crusade for better corporate governance Ralph Whitworth, an activist investor joined in the argument on Mr Ross Goobey's side.
He notes that India has a stronger tradition of private enterprise, more developed managerial education, better corporate governance, a freer flow of information, a more vigilant investment community, and stronger banking and legal institutions.
Such a view is not surprising, given her background: she has worked since 1986 with Bob Monks, one of America's best-known champions of better corporate governance, setting up Institutional Shareholder Services, which advises big institutions on casting proxy votes.
The movement for corporate social responsibility is in direct opposition, in such cases, to the movement for better corporate governance, which demands that managers fulfill their fiduciary duty to act in the shareholders' interest or be relieved of their responsibilities.
In Britain, Steve Young of Lancaster University and Dennis Oswald of the London Business School found an unusual concentration of external shareholders (ie, fewer insiders, more institutions) among firms announcing buybacks, and also spotted a link to better corporate governance.
Like Mr Khodorkovsky, Mr Abramovich was among the first Russian bosses to exchange opaque business practices for better and ultimately more profitable corporate governance.
Ball said the splitting of the chairman and CEO positions is a positive for corporate governance as a non-executive chairman should better represent the long-term interests of shareholders giving management the time to focus on running the company.
Opinion polls show that the Republicans score better on security issues than the Democrats, but worse on the economy and corporate governance.
Yet companies up their chances for receiving better financing, better partnerships and a shot at being selected as a preferred customer by other firms if corporate governance issues are given importance.
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