Corporate governance principles provide guidance on how corporations should operate. Adoption of international corporate governance best practices leads to long-term sustainability and resilience, and can be a competitive tool to attract foreign investments. ADB in partnership with the ASEAN Capital Markets Forum have jointly developed the ASEAN Corporate Governance Scorecard, an assessment based on publicly available information and benchmarked against international best practices that encourage publicly listed companies to go beyond national legislative requirements. This report can be used by capital market regulators and other stakeholders as a reference to understand the current corporate governance standards across the region. It is also a useful diagnostic tool to guide improvement of corporate governance standards.
The ASEAN Corporate Governance Scorecard provides a rigorous methodology benchmarked against international best practice to assess the corporate governance performance of publicly listed companies in the six participating ASEAN member countries.
This common methodology provides foreign investors and external fund managers comparable information to form part of their investment decision-making process.
The scorecard is a useful tool to demonstrate ASEAN members’ commitment to sound corporate governance which will be important to increase foreign direct investment into the region. (ASEAN CORPORATE GOVERNANCE SCORECARD Country Reports and Assessments 2011-2014)
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