Lilian Miles is a Senior Lecturer in the Leadership, Work and Organisation Department, Middlesex University Business School, The Burroughs, Hendon, London, UK. E-mail: L.Miles@mdx.ac.uk.
Corporate Governance in Asian Countries: Has Confucianism Anything to Offer?
Version of Record online: 1 MAR 2013
© 2013 Center for Business Ethics at Bentley University
Business and Society Review
Volume 118, Issue 1, pages 23–45, Spring 2013
How to Cite
Miles, L. and Goo, S. H. (2013), Corporate Governance in Asian Countries: Has Confucianism Anything to Offer?. Business and Society Review, 118: 23–45. doi: 10.1111/basr.12001
- Issue online: 1 MAR 2013
- Version of Record online: 1 MAR 2013
Although Confucianism is a resilient cultural tradition in Asian societies, its role in their corporate governance systems is ambiguous. Confucian values have been pushed to the periphery because of a preoccupation in these countries to emulate corporate governance systems from the West. This article argues that Confucianism has much to offer in enhancing director conduct and corporate governance standards. As the attention of the global business community turns eastwards, it is opportune to revive interest in Confucianism and to explore ways in which it can be integrated formally into companies' governance systems.