| ID | 121580 |
| Title Proper | Enacting the rules of global finance |
| Other Title Information | sovereign wealth funds and the promotion of corporate governance reform |
| Language | ENG |
| Author | Fini, Michael ; Rethel, Lena |
| Publication | 2013. |
| Summary / Abstract (Note) | In the wake of the financial crises of the last two decades, the promotion of corporate governance reform has emerged as a priority concern of the international financial community. This paper draws attention to the role played by Sovereign Wealth Funds (SWFs) in this process. It shows that SWFs' enactment of a common set of shareholder-oriented corporate governance reforms has not solely been driven from the 'outside in'-i.e. conforming to prevailing global financial norms and pressures. Indeed, various SWFs are in fact attempting to change financial best practice from the 'inside out' by promoting a transformative shareholder-value model of corporate governance throughout the companies they hold in their investment portfolios. To better elucidate the dynamics of this process, this paper looks at the experience of two SWFs in Asia and Europe. More specifically, it will explore the corporate governance agendas of Norway's Government Pension Fund-Global and Malaysia's Khazanah Nasional Berhad. |
| `In' analytical Note | Asia Europe Journal Vol. 11, No.2; Jun 2013: p.163-178 |
| Journal Source | Asia Europe Journal Vol. 11, No.2; Jun 2013: p.163-178 |
| Key Words | Malaysia's Khazanah Nasional Berhad ; Malaysia ; Sovereign Wealth Funds (SWFs) ; Corporate Governance Reform ; Asia ; Europe ; Norway's Government Pension Fund - Global ; Malaysia’s Khazanah Nasional Berhad ; Norway’s Government Pension Fund - Global |