In recent history, the Anglo-American Corporate
Governance (AACG) system, practiced in liberal market
economies (LMEs) such as America, UK, Canada and
Australia, has increasingly dominated global business
practice demanding convergence as it extends its reach
and further erodes co-ordinated market economies
(CMEs)
[Link]
ate_Governance_Models_and_the_Possibility_of_Future_Conv
ergence
Transparency
Inefficient