ASEAN Corporate Governance Scorecard: Country Reports and Assessments 2012-2013

Abstract

Corporate governance principles provide guidance on how corporations should operate and can be useful to attract foreign investments. In the Association of Southeast Asian Nations (ASEAN), countries use national methodologies to assess corporate governance performance of publicly listed companies. The Asian Development Bank in partnership with the ASEAN Capital Markets Forum have jointly developed an ASEAN methodology of corporate governance assessment using a scorecard system that is based on international best practices and that encourages publicly listed companies to go beyond national legislation requirements. This inaugural report is a compilation of corporate governance assessments of publicly listed companies in six ASEAN countries using the Scorecard. The assessment is useful to improve corporate governance in the region collectively and to brand ASEAN as an asset class.