The United States and European Union are often considered to have the gold standard in corporate governance. The reputations, however, may start to fall short of reality as even the most insular countries get on board with best practices in governance.
There are, of course, many ways that Western nations have deserved their reputation as trendsetters for shareholder rights and board oversight. Increasingly, however, other countries —including China, Brazil, South Africa, and Saudi Arabia—are beginning to catch up to, if not improve upon, those efforts.
