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Abstract

Novel Research in Sciences

The Critical Analysis of Comparative Eastern Africa Corporate Governance Standards After Financial Crisis–Malawi and Kenya Cases

  • Open or CloseDinh Tran Ngoc Huy*

    Faculty of Economics, Japan

    *Corresponding author: Dinh Tran Ngoc Huy, Lecturer, Economic Faculty, Graduate School of International Management, Niigata, Japan

Submission: August 06, 2019;Published: September 23, 2019

Abstract

Even though corporate scandals and bankruptcy in US and Europe and Asia show some certain evidence on weak corporate governance, weak internal control system and weak audit, Global corporate governance forum noted corporate governance has become an issue of worldwide importance. Therefore, this paper chooses a different analytical approach and among its aims is to give some systematic opinions. First, it classifies Eastern Africa representative Corporate Governance (CG) standards into groups: Malawi and Kenya latest CG principles covered in group 1, while it uses ACCA and CFA principles as reference. Second, it, through analysis, shows differences between above set of standards which are and have been used as reference principles for many relevant organizations. Third, it establishes a selected comparative set of standards for Eastern Africa representative corporate governance system in accordance to international standards. Last but not least, this paper covers some ideas and policy suggestions.

Keywords: Corporate governance standards; Board structure; Code of best practice; Financial crisis; Corporate scandals; Market manipulation; Internal audit; JEL Classification: G00; G3; G30

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