According to a report by ACGA and CLSA, the Hong Kong-based research group and brokerage: In Asia, "much of the improvement is in form making publicly stated commitments to good corporate governance, setting up board committees and appointing nominally independent directors".
Gerry Grimstone, chairman of Standard's remuneration committee, said: "This was very much [Sandy Crombie's] personal decision but is completely in line with our strong commitment as a company to good corporate governance".
Morgan Stanley says the move amounts to good corporate governance.
Corporate governance activists have pressured many companies to eliminate this defense, but this may not be a sign that companies have converted to good corporate governance policies.
Laura Jeresky, an analyst with Tweedy Browne, says this has created a culture that is anathema to good corporate governance.
"Aside from any issues related to good corporate governance, this may actually hamper the development of the next generation in their long-term role," Mr. Fung said.
The discourse 'living in rural communities should not deny women the right to the same quality of maternity care close to home as their city contemporaries' is synergistic with good corporate governance committed to equity of access.
The Institute of Directors branded Lund's original compensation packages as "excessive, inflammatory and contrary to the principles of good corporate governance".
Additional resources must be joined to key institutional reforms to ensure effectiveness: greater coordination and a clearer division of labor; an increased commitment to transparency, accountability, and good corporate governance; an increased capacity to innovate and achieve demonstrable results; and greater attention to the needs of the poorest populations.
They are ordered to release this information for "good corporate governance," he said.
They found that none of the tenets of good corporate governance stood up to close examination.
