Models and Governing Bodies

This chapter explores the evolution and diversity of corporate governance models and their regulatory frameworks. It outlines three primary governance models: monistic (one-tier), dualistic (two-tier), and hybrid (horizontal dualistic), detailing their respective structures, advantages, and disadvantages. The chapter also reviews international governance practices, comparing insider systems (common in Europe and Asia) with outsider systems (typical in Anglo-Saxon countries). It discusses the role and composition of key committees (audit, nomination, and remuneration) and emphasizes the importance of independence and diversity within boards.