Introduction
An international financial market requires an environment that attracts the involvement of foreign players. From a CG perspective, this presents the issue of how to conform the CG standards of a non-locally incorporated issuer to meet or exceed local standards. Fundamentally, a non-locally incorporated company is primarily governed by the laws of the place of its incorporation, which may provide for obligations on directors and shareholder rights and remedies that differ from the local market. Each of the jurisdictions studied engage different methods of bringing a foreign issuer under its own CG system (Section 3.2.1), and dealing with the enforcement of those standards across jurisdictional borders (Section 3.2.2).