International Challenges and Approaches to Corporate Governance

Abstract

The concept of corporate geomancer has only permeated to the level of individual companies. Here also, the difference between corporate social responsibility and corporate governance has been obfuscated and skewed. At the level of individual firms, corporate governance has taken on an entirely accounting hue. Emphasis is on transparency in accounting and finding a methodology of obviating “accounting practices that enable Enron’s to occur and recur. Security; terrorism; hunger; nuclear, biological and chemical warfare; transfer of advanced technology; ethics and environmental; and the shaken confidence of the world in the economy are issues that require... to be resolved qt the international level by a combined global political will Each nation state has the interests of its subjects uppermost, and therefore global problems are swept aside. This farther exacerbates the situation. The chasm that divides the 'haves', from the have-nots is getting bigger and bigger. The political leadership of the world has therefore got to come together. It is not. Realistic for us to expect the US and the G8 nations of the world to bear this burden. The US is the only nation whose cultural influence is pervasive enough to get the world to think in these terms. Militarily, though the US is invincible; it is not strong enough to be a gendarme to the world anderu1.1re compliance of what has been politically agreed upon.