Suchergebnisse

Argues that the US model of corporate governance may not be the best choice for developing countries. Discussion begins with a look at the common law of fiduciary duties and market forces characteristic of the US model. Several reasons are then advanced as to why such a market-based model of corporate governance is not feasible for developing countries. In this light, it is suggested that a mandatory model of corporate law utilizing bright-line rules might result in better economic growth for developing countries. Concrete provisions for such a code are then considered, along with factors driving a thriving venture capital market.