Balancing rules and flexibility

A joint KPMG and ACCA report of a study of corporate governance requirements across 25 markets.


The objectives of this study were to:

  • Examine corporate governance requirements in terms of clarity and completeness of content, degree of enforceability and prevalence
  • Identify common/basic corporate governance requirements and emerging trends
  • Raise awareness of the similarities and differences in corporate governance requirements across markets, geographic regions, economic zones and pillars/themes of corporate governance, and
  • Inform other industry research (eg Organisation for Economic Cooperation and Development (OECD) Principles Review).

This study focused on the CG requirements only. It did not review levels of compliance (and/or outcomes) by companies with respect to the various CG requirements.