Corporate governance is fundamental to the continuing operating of any corporation; hence much attention has been paid to the procedures of such governance. A significant part of the reason for this is due to the developments brought about through globalisation. The phenomenon known as globalisation is a multidimensional process involving economic, politic, social and cultural change. However the most important discussion about globalisation is related to the economic effect it has upon countries and the corporations operating within and across these countries. There has been much written about globalisation – either positive or negative – and the effects which it is having. One consequence of globalisation though is manifesting itself in the structure and organization of corporations. This is concerned with the harmonisation procedures and structures which will manifest itself through the emergence of global norms for corporate governance. We have seen through the preceding chapters a variety of issues concerned with corporate governance. Equally we have seen examples of the central message of this book concerning the overwhelming importance of cultural issues in the operation of whatever systems of governance are introduced. Nevertheless some form of commonality and harmonization continues to be a subject of debate. This chapter takes this debate and the arguments from the chapters in this book in order to consider what the future might hold for corporate governance procedures and mechanisms
