7
oCorporates
nRecognize the global pressure to raise corporate governance practices, often to standards that are higher than those prevailing in the issuer’s home market
nBuild on best practice to attract and expand international shareholder base and lower cost of capital
nImproving the skills mix to respond to the requirement of global governance
oGovernment/Regulators
nAs markets compete for global capital, corporate governance standards is an important driver. 
nGovernments and regulators are encouraging higher corporate governance standards to make their markets more attractive to international investors.
Implications for corporates and governments/regulators