The study examined 580 listed companies across 11 Asian nations and ranked the markets based on five criteria: rules, enforcement, accounting, political and regulatory environment and governance culture.
Where governance and regulatory structure are inadequate, law enforcement is weak and corruption is rampant, drugs often fail to reach the populations that most need them.
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In July, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act that aims to promote financial stability and improve corporate governance through regulatory reform.
For many companies, the sheer complexity of managing a data center so that it meets all regulatory, industry and governance requirements, and is also protected against all other types of data loss, is overwhelming.
What emerges through a series of interviews and a review of securities filings is a portrait of a company that has found a way to succeed at a costly business where banks and other companies have struggled but has in the process raised regulatory and corporate-governance concerns.
Her particular worries are the unpredictable regulatory environment, poor corporate governance and persistently intimate ties between government and business.
It pointed to a "positive contribution to UK audiences, employment and the broader economy, as well as its strong record of regulatory compliance and high standards of governance".
Instead, the book pushes for formal regulatory coordination and essentially, for expanded global governance.
It said these local difficulties ranged from substandard infrastructure and weak environmental regulatory regimes, to acute talent shortages and underdeveloped governance practices.
This will make close co-operation between regulatory authorities a necessity as has been demonstrated in the joint governance of the Single Electricity market in Ireland.
They firmly blamed the bosses of Barclays bank for the way their staff tried to manipulate the Libor rate-setting process at various times between 2005 and 2009, in what the committee's chairman called a period of "extremely weak internal compliance and board governance at Barclays" and a "failure of regulatory supervision".
The mutual fund regulatory structure is generally recognized today as a model of poor corporate governance.
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Nonetheless, the meeting seems to be an indication that the captains of finance and their political counterparts are concerned about issues such as national savings rates, regulatory hurdles to doing business in the U.S. and corporate governance.
The issue has gained importance in recent years in light of the Sarbanes-Oxley corporate governance legislation of 2002, which critics say places too many regulatory burdens on companies who wish to invest in the U.S. In addition, the recent report commissioned by New York Mayor Michael Bloomberg and Sen.
The regulatory competition, they argue, ensures that the most efficient form of corporate governance triumphs.
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America's government seemed willing to give up its governance role, but planned to pass the reins to an industry self-regulatory group it set up.
To curtail illicit flows he suggests the government should: (i) ensure that the rule of law is applied fairly and swiftly, (ii) strengthen regulatory and legal institutions (iii) adopt policy measures to improve both public and corporate governance such as improving tax compliance and collection.
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