Among the more incongruous findings of an Institutional Shareholder Services global survey of institutional investors was that Chinese and Japanese investors consider corporate governance a more important issue than investors in the US, Britain or Australia.
At face value, the finding that 90 per cent of Chinese investors and 88 per cent of Japanese investors assign greater import to governance issues than their counterparts in the markets where corporate governance has been most fiercely debated, and principles and regulations developed, is so counter-intuitive as to be almost unbelievable.
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