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  • The Failure of Corporate Internal Controls and Internal Information Sharing (out of stock)

The Failure of Corporate Internal Controls and Internal Information Sharing (out of stock)

A Conceptual Framework for Taiwanese Solutions

Chang-hsien Tsai

English , 2017/09 Hong Kong Institute of Asia-Pacific Studies, CUHK

Tags: Corporate Governance

215 x 140 mm , 46pp ISBN / ISSN : 978-962-441-238-3

  • US$3.00

Out Of Stock

Although East Asian jurisdictions such as Taiwan have been adopting similar models of Anglo-American independent directors and audit committees in recent years, we can find that common issues are failure of internal controls, in general, and dysfunctional internal information-sharing mechanisms, in particular. To accommodate Taiwan’s reform trend towards furthering the adoption of independent directors and audit committees, this article offers a roadmap for conceptual solutions which are harmonic with each other as prerequisites to enable monitors of management to have the incentives and means to exercise their oversight. First, the board’s duty to monitor should be reiterated while being transplanted into corporate governance rules. Second, independent information channels should be established to enable internal governance information to flow to corporate monitors, thus facilitating their decision-making in oversight. Finally, external market forces should be channelled to safeguard internal corporate governance.

Chang-hsien Tsai is a Professor of Law and Business at the Institute of Law for Science and Technology, College of Technology Management, National Tsing Hua University of in Taiwan. He graduated from National Taiwan University with LL.B. and LL.M degrees. He received an LL.M. in Corporate Law from New York University and a J.S.D. degree from University of Illinois at Urbana-Champaign. He was admitted to the New York and Taiwan bars.

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