Remedy for “One Size Fit to All”: A Flexible Corporate Governance Model to Accommodate Sectoral Technicalities

Abstract

Asian countries, while on the road to industrialization catch-up, are facing enormous change. Corporate structures in most of these countries follow Anglo-American Corporate Governance (CG) model and that “one size” is fit to all. The principle “one size fit to all” ignores corporate/sectoral peculiarities. Contemporary CG models do not address structural adjustments attributable to change. Aim of this study is to address the problem “one size fit to all” in CG models. This conceptual study advances a flexible CG model to accommodate sectoral technicalities. In fact, Anglo-American CG model has been modified to accommodate the sectoral peculiarities by using elementary concepts of graph theory and drawing. The model is more logical and useful for CG practitioners as compared to contemporary models.