Abstract | China, Japan, and Korea are countries deeply rooted in Confucian values and ideology. Traditional Confucian beliefs have influenced and shaped every aspect of the lives of their population, including the way business relationships are handled and companies are managed. With opportunities afforded by the process of globalization and a desire to compete in the international markets, they are attempting to make themselves attractive places in which to do business. One way in which they are doing this is by basing their corporate governance systems on the Anglo‐American governance model.1 Investors who are familiar with such governance systems will invest confidently in the countries that implement them. But Western values and Western corporate practices often conflict with Confucian beliefs and ethics. This article will question the appropriateness of Western practices in Confucian societies and consider the changes that may have to take place if these practices are to be accommodated |
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