According to WHO (2020), the private sector may play a critical role in the preparedness and response activities for COVID-19 locally and globally. The impact of COVID-19 on global corporate governance is also addressed in the recent report published by the OECD (2020). The costs and benefits of the adoption and implementation of corporate governance in developing countries are still contested in the literature (Nurunnabi (2016). On the benefits side are companies’ growth and value creation, high-level financial performance, and foreign direct investment. On the costs side is the fact that the Western model is not suitable and is, to some extent, irrelevant to the context of developing countries, due to specific politico-institutional settings.
NOTE: This article was published in LSE Blogs – London School of Economics – https://blogs.lse.ac.uk/
