Globalization and Corporate Governance: Trends, Issues and Challenges

Abstract

This research on globalization and corporate governance: trends, issues and challenges examined the universal best approach to corporate governance and to ascertain the challenges faced by Multinational Corporations in adopting theory Z in corporate governance. The methodology adopted for the work was a review of previous works related to the topic, the study made use of secondary data sources, findings revealed that multinational enterprises (MNEs) have extended their presence all over the globe, conducting a multitude of activities for a multitude of purposes. In doing so, Multinational Enterprises (MNEs) have had to manage the various forces–geographic, product, market, and technology–that interact and become more complex on a global scale. The study concluded that it is pertinent to managers of global enterprises to adopt the theory Z management approach that combines American governance and Japanese management styles because a blend of these two will make corporate governance hitch free no matter the terrain, they found themselves.