Merging markets 'behind on corporate governance'

Corporate governance in emerging markets continues to lag behind practices in more developed countries, it has been asserted. 

George Dallas, F&C director of corporate governance, comments: "As an asset class, emerging markets are very attractive indeed but there are still concerns regarding corporate governance in many emerging market companies." 

However, he adds that he has seen improvements in corporate governance practices in emerging markets as a result of concern from investors. 

India was noted to have taken a "leap forward", online resource Citywire states. 

Nevertheless, Mr Dallas argues that further steps must be taken by the Financial Services Authority (FSA), adding that standards required of developing market companies listing in the UK were weaker than those applied to UK-domiciled firms.  

Concluding, he states that F&C has been working with the FSA to improve corporate governance standards among firms moving into London through encouraging the adoption of a voluntary guidance standard.

 

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