9
Common trends and lessons
learned: Overall impressions and stylized facts
On the
one hand…
oAcceptance
of corporate governance and OECD Principles
oLarge
amount of reform activity over the past 3-5 years
oLowered
thresholds for shareholder action
oGreatly
improved disclosure rules, standards, and formats
oConcepts
of “independent director” and audit committee
oEfforts
at improving director training
oMore
active regulators and exchanges