"We are very pleased to see that people are taking note of good corporate governance because we believe it can lead to good corporate performance, " a spokesman said.
Good corporate governance rests on making executives and directors accountable for their actions--and their pay.
They found that none of the tenets of good corporate governance stood up to close examination.
And empirical research suggests that there is a link between high dividend pay-outs and good corporate governance.
In any case, the TEPCO disaster shows that risk management matters, and highlights why good corporate governance is important.
FORBES: Did Management Problems at TEPCO Cause Japan's $15B Radiation Leak?
"This is a significant win for all Apple shareholders and for good corporate governance, " Greenlight said in a statement.
True, Japan is not exactly a byword for good corporate governance either, but the legal system there is decidedly more robust.
Many rely on personal ties, employ family members in place of professional managers, eschew the capital markets and ignore all principles of good corporate governance.
Supposedly, analysts are another force for good corporate governance, putting pressure on management by providing investors with independent analysis of a firm's accounts and prospects.
Some banks which performed best during the crisis flouted the rules of good corporate governance: Santander had a familial culture and a powerful executive chairman.
In any case, the Olympus scandal should raise awareness among international investors about the importance of good corporate governance and the dangers of weak board independence.
FORBES: Japanese Business Culture and Why Good Governance Matters
Among them: the fact that the Singapore government has long been a formidable campaigner for good corporate governance, while Ong has been something of a buccaneering tycoon.
If China wants to continue selling its firms and attracting foreign capital to build successful multinationals, it will have to practise good corporate governance, not just pay lip service to it.
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After all, these have been evident for years and Yukos has become such a model of (by Russian standards) good corporate governance that Exxon Mobil and Chevron Texaco, two American oil giants, are even now vying to buy a big chunk of it.
The biggest lesson of the AOL Time Warner merger may simply be that well-run companies, those that exercise good corporate governance and accounting practices, care and nurture their markets, and are realistic in what they offer to their shareholders, will do better than those that do not.
But all three countries have had their share of corporate scandals suggesting that good governance is driven more by the climate of acceptable behaviour than by board structure.
The Minneapolis-based company, which thrives on great citizenship, leadership, governance and products, is perceived as being a good corporate citizen by improving the health of their cereals, Johndrow said.
Before the Trojan horse of Shariah finance is fully wheeled inside the gates of the American capital markets, federal regulators, corporate boards of directors and U.S. shareholders need to understand whether such investing conforms with the good governance and accountability required under Sarbanes-Oxley, the transparency depositors are entitled to under our banking laws and legislation barring material support to terrorism.
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