The study seeks to analyze the argument whether convergence of corporate governance systems is likely to occur. Although, many scholars agree that there is a movement towards the shareholder-oriented system, the evidence in support of this view is mixed and illusory. In reality, despite...

The prospects for international convergence in corporate governance systems have been the subject of debate in the area of corporate governance over the last decade. In addition to being extensive, the literature on convergence in corporate governance is not static and has continued to shift...