How Shareholder Reforms Can Pay Foreign Policy Dividends

Corporate governance must be a top US foreign policy priority, according to the authors of this analysis. Not only can good governance practices facilitate free trade by taking many disputes off the trade agenda, they can also stabilize the financial system by avoiding expensive and unpopular bailouts. To achieve these goals, however, US leaders must engage other countries in serious reform of governance systems around the world. This paper argues that US foreign policy makers must accelerate the pace of corporate governance reform. The United States should require fuller disclosure of institutional investors' corporate governance policies, encourage the convergence of differing accounting standards, expand official support for an international corporate governance standard, endorse regulatory changes that promote contests for control of publicly traded firms, and place responsibility for corporate governance policy at a senior level in Washington.

ISBN 0876093136   Volumes 1 ISBN13 9780876093139 (What's this?)   Co_publisher Council on Foreign Relations Press Publisher Brookings Institution   Weight (grammes) 113 Imprint Brookings Institution   Published in Washington DC Format Paperback   Series title Council on Foreign Relations (Council on Foreign Relations Press) Publication date 29 Aug 2002   Height (mm) 210 Library of Congress HG   Width (mm) 133 DEWEY 658.4   Spine width (mm) 6 DEWEY edition DC21   Academic level Undergraduate, Postgraduate, Professional / Scholarly Pages 68

		Foreword
		Acknowledgments
		Executive Summary		1
		Introduction		5
		The Politics of Corporate Governance Reform		9
		The Demand and Supply of "Good Governance"		14
		The Impact of Corporate Governance on U.S. Foreign Policy		30
		Policy Recommendations		44
		Appendixes		56

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