Countries appear to differ considerably in the basic orientations of their corporate governance structures. We postulate the trade-off between "objectivity" and "proximity" as fundamental to the corporate governance debate. We stress the value of objectivity that comes with distance (e.g. the...

Countries appear to differ considerably in the basic orientations oftheir corporate governance structures. We postulatethe trade-off between "objectivity" and "proximity" as fundamental tothe corporate governance debate. We stress thevalue of objectivity that comes with distance (e.g. the...