economic and social development of the countries. Such barriers exist, such as between the EU and Eastern Europe, the EU and Russia, the US and the EU, the US and Mexico, the EU and Central Asia, the US and Japan. In addition, the global logistics need to consider competition on a larger scale, restrictions on the distribution networks of transnational corporations and others (Bouchard,
CHAPTER ONE INTRODUCTION 1.1 Background to the Study In the aftermath of Johnson Matthey Bankers’, Enron Corporation, WorldCom incorporated failure and a good number of other corporate financial scandals, issues of corporate governance became the focus of public discussion, as poor governance practice was identified as a major contributor to most of the failures. Furthermore, the tragic event of the Russian financial scandal and Asian financial