Beyond the numbers: The Importance of the Independent Non-Executive Directors in the Corporate Governance

Abstract

This paper is based on data and information gathered directly through interviews and information provided by and at ABC group (Real name is not disclosed for confidentiality). It aims at examining two key perspectives from the management by: i) using the international guidelines in terms of corporate governance, how to apply appropriately this framework into the context of Cambodia, and in effective and efficient way, and ii) what would be the current issues and problems and challenges, the organization has to overcome, in order to comply to the local rules. The other goal of the paper to look at how to apply a good governance strategy and understand the role of management in organizational development.