Anti-corruption law goes global
AS EMERGING MARKETS attract ever-greater investor interest, the corporate governance practices of companies in the sector are likely to face sharper scrutiny from investors. This reflects three trends. First, emerging market companies are increasingly turning directly to western capital markets to seek secondary or even primary listings; second, western companies are buying up strategic stakes in these companies; and, third, companies based in emerging markets are themselves expanding, by organic growth or acquisition, into western markets.
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