A study by Farient Advisors in conjunction with the Global Governance and Executive Compensation Network (GECN) covering 17 countries into executive compensation, board structure and composition, and shareholder rights reveals the following findings:
- There is an unmistakable and growing trend toward commonality in governance practices around the world. This convergence of governance norms is likely to persist.
- Shareholders are becoming more adept and proactive in influencing governance change.
- Companies want to be seen as an attractive place in which to invest capital. As a result, boards themselves are volunteering for strong, more shareholder-friendly governance.