What is the state of corporate governance in the UK, USA, EU, Literature review

What is the state of corporate governance in the UK, USA, EU, Australia, Japan and the GCC countries - Literature review ExampleIt a discipline that focuses mainly on existing relationships between a companys top direction, its stockholders, boards, regulators, early(a) stakeholders and auditors, and is a system by which companies are directed and controlled (Corporate Governance, nd., p.11). The system takes into account various market and regulatory structures, while also considering objectives for governing business firms. As OECD framed it, Corporate governance involves a strike off of relationships between a companys management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through with(predicate) which the objectives of the company are set, and the means of attaining those objectives and monitoring per machinateance are determined (OECD, 2004, p. 11). ... pted for preventing or diminishing litigious issues arising main ly from conflicts of interests include institutions, customs, procedures, laws and policies, which affect the manner in which a business firm is regulated (Cadbury, 1992, p. 15). An significant theory within corporate governance deals with the extent and nature ofliabilityof those concerned in the running of thebusiness. Another related yet polar theory within corporate governance deals with its effects on economic efficacy that mainly focuses on the welfare of its shareholder (Haidar,2009). In large corporations that have different management and ownership with no regulating shareholder, theagent-principal issuesmay crop up between top management (an agent) that may have varying interests and may possess more information than the firms shareholders which form the principals. The main problem in this field arises when the board of directors instead of managing on behalf of the company shareholders become divide from the latter, while becoming to more loyal to the firms managemen t (Bebchuk andJesse, 2006). This dimension is often express in many of the current public debates, and is taken into consideration while framing regulatory policies. shortly there has been a great deal of interest in studying theories and practices of corporate governance of modern business firms, especially in the context of liability, after the bankruptcy of many of the well-known MNCs during 2002 and again during 2007-09 economic crisis, which concerned primarily accounting fraud (Haidar,2009). Various corporate scandalsat different times, over the past tense few years, have led to sustained interests from both political and public world in maintaining a control and regulation over corporate