Resolve the crisis of corporate governance.doc

 PAGE \* MERGEFORMAT 12 Resolve the crisis of corporate governance Symptoms: The Japanese model, U.S. model have hit the rocks Before the arrival of the 21st century, optimistic observers predicted that the global economy relies on the micro - Corporate Governance - will be more stable, healthy, and thus prop up the new round of ‘economic sun the times’. However, the fact that it is followed by surprise: the new century, the sun rose up, and the global economy, the sun did not rise up, on the contrary, Asians and Westerners who were so proud of the two kinds of corporate governance -- - Japanese model and the American model have hit the rocks! A sweeping through the world of corporate governance crisis is spreading rapidly. Start with the East crisis the beginning of the Japanese model. As early as the 1998 Asian financial crisis, the Japanese model of corporate governance structure on the exposed flaws, many companies (including some among the world’s top 500 large enterprises) have trouble. Belong to the Japanese model of the system, South Korea, also showed the same problem. Then the total economic commentators believe that it is rooted in 98 years, the Asian financial crisis that the financial crisis in the past, the Japanese model will be a comeback. But so far, five years later, the Asian financial crisis has ended, the Japanese model of corporate governance structure, as expected, not only did not ‘as the end of the financial crisis will soon re-energize’, but can not afford a long illness, not see significant improvement. This fully proves that the cause of the Japanese model does not lie in 98 years, the Asian financial crisis, but in their own flaws. As the saying goes ‘West, the East does not shine bright’, but in this sweeping through the world of corporate governance crisis, the East while the Japanese models are no longer bright, while the West has also followed the U.S. model is not bright. While Western ridicule into a quagmire, the Japanese