Topics: Corporate governance, Management, Board of directors Pages: 3 (921 words) Published: January 15, 2013
Reflective Journal (1)
Student ID: 1622-9150
Cheung Ngai Ka Sabina

The expectation of the role of corporate governance is becoming higher than ever before. It is a significant challenge for business environment for the managerial boards who now must play a greater attentions to ensure the they achieve the highest standards of corporate governance. The reflections on course are divided into three parts in total. In the first part, I learned a briefly knowledge that what is corporate governance is all about, the basic role, major distinctions between different models of Corporate governance and how does it come from and been developed. In fact, corporate governance is something more than just a “process”, it emphasis at contribution and to realize the corporation goals, and also consider to try the best effort to meet the expectations of all stakeholders in the organization. By achieving this high standard of corporate governance, it often needs to include implementing within the boundaries of different hard and soft standards. On another hand, I had been learned that there are variety types of corporate governance models prevalent globally depending on different region and country. "Anglo-American model" of corporate governance given me the most impression among those models. I learned that Anglo-American a single-tiered Board of Directors that is normally dominated by non-executive directors elected by shareholders. (Bowen and William. 2008) Given a contrast with the general corporate governance model in Europe, in most of the European countries such as Germany and the Netherlands, they used two-tiered board director’s models in daily operation. (Hopt and Klaus 1997, 20) Furthermore, corporate governance contains all types of corporations and the meaning behind the corporate governance can lead to both economic and non-economic activities. Consider with those different important factors, the meaning of corporate governance can be verity because different...
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