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Asia is still a long way off having a 'truly robust legal and regulatory regime for corporate governance'. The finding is in the latest CG Watch, the annual survey by the Asian Corporate Governance Association conducted with CLSA Asia Pacific Markets, a Hong Kong-based banking and brokerage company.
Markets with better governance outperform the average in the medium term, says the report, Spreading the Word: Changing Rules in Asia.
The top three markets for the second year were Singapore, Hong Kong and India. The bottom three were the Philippines, China and Indonesia. Significantly, says the report, Malaysia moved up from sixth to fourth place.
The top ten companies were Infosys (India), CLP Holdings (Hong Kong), Esprit (Hong Kong), HSBC (Hong Kong), Wipro (India), Public Bank (Malaysia), Kookmin Bank (Korea), KT Corporation (Korea), TSMC (Taiwan) and Siam Cement (Thailand).
As in previous years, the disparity between the top and bottom performers is wide. Among the leading ten companies in the top 100 the average score of 81 per cent was more than double the average for the bottom ten.
Markets with better governance outperform the average in the medium term, says the report, Spreading the Word: Changing Rules in Asia.
The top three markets for the second year were Singapore, Hong Kong and India. The bottom three were the Philippines, China and Indonesia. Significantly, says the report, Malaysia moved up from sixth to fourth place.
The top ten companies were Infosys (India), CLP Holdings (Hong Kong), Esprit (Hong Kong), HSBC (Hong Kong), Wipro (India), Public Bank (Malaysia), Kookmin Bank (Korea), KT Corporation (Korea), TSMC (Taiwan) and Siam Cement (Thailand).
As in previous years, the disparity between the top and bottom performers is wide. Among the leading ten companies in the top 100 the average score of 81 per cent was more than double the average for the bottom ten.
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