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Provide a 10 pages analysis while answering the following question: The convergence of Global Corporate Governance. Prepare this assignment according to the guidelines found in the APA Style Guide. An
Provide a 10 pages analysis while answering the following question: The convergence of Global Corporate Governance. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. The complexity of the business world in the free market economy resulted in the establishment of a governance system that monitored the activities of the business organizations from the social perspective. The concept worked effectively since its emergence and gained significant attention with the enlargement of the market size.
As per the present-day business environment, corporate governance has become an inseparable element of the business system. Considering the increasing level of globalization nations around the world are trying to bring compatibility among their perceptions and views on the issue of corporate governance and business ethics. Researchers around the world possessing variable views on the issue of corporate governance have made it more complicated which has increased the possibility of debate on the issue of its convergence and divergence as well. Different groups of believers contradict each other views and justify their explanations in different ways.
Organizations now days have extended their area of operation as they receive opportunities in the global market. With an extension of the areas of business operations the governance systems also become stringent. In the era of globalization, the free-market policies have lured many organizations to grow themselves by entering new territories (Colley et al., 2005, p.2). This enforced organizations to develop strategies and policies which are comprehensive and applicable at the global level. The policies for corporate governance and corporate social responsibilities are also needed to be comprehensive. Through these policies organizations successfully indicate their involvement towards the betterment of the social system where they are operating. Shareholders and investors are also crucial parts of the organization that are needed to be treated well. Through the effective policies of corporate governance, organizations seek the confidence of their investors and stakeholders.