Complete the fill-in-the-blank questions below to test your knowledge of the material in chapter 12 of the textbook.
1
Japan's corporate governance system is often likened to that of Germany as banks can play an influential role in companies in both countries. However as well as cultural differences, another fundamental difference is the influence of the in Japan.
The keiretsu are broadly associations of companies which may be in different industries forming a cluster, often with a bank at the centre.
Page reference: 212
2
In Korea, the are influential groupings of large conglomerates which wield considerable power through their cross-holdings of shares in various companies.
The chaebols often constitute powerful family interests in Korea and families may be able to exert more control in a particular company than their shareholdings would merit.
Page reference: 216
3
The Malaysian Code of Corporate Governance (2000) emphasises the importance of for directors.
The Code describes orientation and education of new directors as 'an integral element of the process of appointing new directors'.
Page reference: 221
4
Australia has a law system and a unitary board corporate governance structure.
Its main business form is public corporations and there are a number of institutional investors although these are generally not as active as in countries such as the UK and US.
Page reference: 227
5
The Malaysian government introduced affirmative action designed to increase involvement in the corporate sector.
Trusts have also been established to hold shares on behalf of the Bumiputera and Bumiputera, whether as companies, individuals or trusts, tend to be one of the largest shareholder groups in Malaysian companies.
Page reference: 219
