Is there Greater Convergence Between the Different Systems of Corporate Governance?

Summary

The globalisation of the markets, not least of the capital markets, leads to greater convergence:

• people everywhere are concerned that power without responsibility is dangerous; this concern is given an additional dimension by larger scale of the business community, without proportional growth of the ’supervisory’ bodies;

• as a result of the increasing relevance of the capital markets, their call for standardisation in terms of corporate governance is meeting with increasing response and impact.