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Business Issues
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Asia-Pacific Issues
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The ageing population is one of the most powerful forces now affecting employers in Asia-Pacific. The number of employees eligible for retirement is rising each year, and fewer young workers are entering the market in the more developed countries. Corporate governance involves building a strong ethical culture emanating from the board of directors. It also means putting in place structures and processes to ensure the creation of long-term shareholder value whilst taking account the interests of key stakeholders. Increasingly, corporate social responsibility is seen to be a critical part of good corporate governance. Whether organizations are moving toward a market economy, as in China, or facing competition and restructuring due to Initial Public Offerings or mergers, as is common in Taiwan, Hong Kong, Korea and Japan, a critical need is adjusting the organization to fit the firm’s new business strategy. |
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The aging population is one of the most powerful forces now affecting employers in Asia-Pacific. The number of employees eligible for retirement is rising each year, and fewer young workers are entering the market in the more developed countries.
Although executive pay design and governance have undergone major reforms — including new SEC proxy disclosure rules — they continue to be a source of controversy and the focus of scrutiny. In guiding their company’s compensation policy, boards face the challenge of responding to increasing criticism from institutional investors — typically the largest shareholders in most firms — as well as from the media and regulators.
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