THE ASSESSMENT OF LIMITED SOUTH ASIAN CORPORATE GOVERNANCE STANDARDS AFTER FINANCIAL CRISIS, CORPORATE SCANDALS AND MANIPULATION

This paper aims to establish a selected comparative set of standards for South Asian representative corporate governance system in accordance to international standards.

It classifies limited South Asian representative corporate governance (CG) standards into two (2) groups: India and Malaysia latest CG principles covered in group 1 and, group 2, including corporate governance principle from Thailand and Indonesia, so-called relative good CG group, while it uses ADB and OECD and ICGN principles as reference. Then, it, through analysis, identifies strengths and weaknesses between above set of standards which are and have been used as reference principles for many relevant organizations.

This paper also finds out that the 2009 India Code of Corporate Governance also revealed that during the crisis time, there are certain weaknesses although corporate structure is fairly durable. And the Malaysian Code of Corporate Governance 2012 did not mention roles of compliance officer. Ultimately, it covers some ideas and policy suggestions.