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[Music] theres no doubt the big picture for corporate governance is around the economic cycles of boom and bust we live in a complex interrelated world the connections enable information to travel very quickly this is meant theres been more pressure than ever before for organizations whether it be mostly companies or governments or not-for-profit sector to actually have good corporate governance its the one constant across all organizations Ive been researching and teaching corporate law and corporate governance for over 30 years in that time my experience has shown there are two completely fundamental factors that need to be taken into account one is the legal systems each country has its own legal system the most common ones are common law civil code and a mixed system and often involving Islamic law those three systems interrelate but have very different consequences in corporate governance the other major factor is what markets securities markets the old stock exchanges it does
