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MODELS OF CORPORATE GOVERNANCE, Zeenat Hassim 200670011 - Coggle Diagram
MODELS OF CORPORATE GOVERNANCE
Anglo-American (Anglo-Saxon)
controlling parties
Board of Directors
Shareholders
secondary authority
Chief Officers
Managers
U.S SEC supports shareholders over boards and managers
Japanese
two legal relationships
between shareholders, customers, suppliers, creditors, employee unions
between administrators, managers and shareholders
Japanese officials
major stakeholders
large role in corporate policies
central bank and Ministry of Finance
control of negotiations between groups
lack of corporate transparency
individual investors less important than companies, government and unions
German (Continental)
Executive Board
Corporate management
Supervisory council
Controls executive board
Chosen by employees and shareholders
meet government objectives and betterment of society
decision making by banks
Zeenat Hassim 200670011