This question is too broad. My understanding of a corporate governance model is an approach to directing and controlling a corporate organization. Thus, the question is like questioning whether international best practices, ethical standards and national regulations across the globe are best or not. What I can say is that "best" in relation to your issue is relative. What is best for you may depend on some basic socio-cultural, ethical and legal features that make it work that way and may vary in results from other circumstances or the legal environment would not even permit some practices that are deemed best in other jurisdictions. Thus, corporate governance issues border on law, regulations, culture and ethics. Three models of corporate governance models across the globe are distinguished as Anglo-american model, the German model and the Jampanese model. Please check this link to obtain details. https://www.slideshare.net/mobile/joy18_clarisse28/models-of-corporate-governance-44039179.

It is difficult to point to one model and state that it is the best. The jurisdiction of your corporate organization finds itself in will determine which model you ought to subscribe to for control and audit purposes.

Since the internal mechanisms of corporate governance are different from one organization to another and since the external mechanisms are different from one country to another and also among local and international organizations, I don't think there is a best model for good corporate governance.

I am sure underlying your question is not an assumption that one best model will work across all corporate environments. So I don't criticise your question. The US corporate governance approach has evolved towards a legalistic and checklist based approach under Sarbanes Oxley. While the UK evolved more along a principles based approach with the Cadbury Code and successive codes such as Rutteman, Hampel etc.

In my opinion the steps taken in making a business plan. Business plans that are carried out by taking into account the strategies carried out in the environment: 1) Financial Management 2) Marketing Management 3) Production Management 4) Distribution Marketing Management management management management management management management management of the people of the people Without the existence of a good management, it will produce a company that will be able to run well as the owner hopes.

I would to bring to your attention the notions of the Theory of Innovative Enterprise. The theory promotes and argues that three "social conditions" of strategic control, organisational integration, and financial commitment are imperative and can promote organisational growth, achieve productivity, shareholder's value, and high-quality, low-cost products. The theory also provides an excellent analytical framework to analyse and compare enterprises and can elicit insights into the functioning of an enterprise as opposed to price-guided model(s) which says a firm is a black-box. The theory is developed by Prof. Dr. William Lazonick. I have applied the theory myself and can be read in the following link:

https://repository.tudelft.nl/islandora/object/uuid%3A43c9c9c5-0b26-414b-9604-e06516c74e17

Here are some Google scholar links for the theory: https://scholar.google.nl/scholar?hl=en&as_sdt=0%2C5&q=the+theory+of+innovative+enterprise&btnG=&oq=

The study of Governance can't be limited by a single Model. many theories like Agency or the published models support the governance practices. An organization has to follow 4 pillars of governance like transparency, accountability, responsibility and fairness especially regulatory framework deals with safeguarding internal and external stakeholders interest. With this study A best model can be structured. for further study other theories and published model can be over viewed.

I agree with many of the comments above. In the past, prior to 2008, there may have been the assumption by many leaders in the field that the so-called "American model" of corporate governance was the optimally efficient model. The most cited article in the legal literature to illustrate this point is: Hansmann & Kraakman, "The End of History for Corporate Law" https://papers.ssrn.com/sol3/papers.cfm?abstract_id=204528

Many scholars, including myself, responded to this article. My basic argument was (and still is) that the so-called "American Model" continuously evolves--so much so that there is really no such thing as an "American model". To take a quote from my article, The Japanization of American Corporate Governance? Evidence of the Never-Ending History for Corporate Law:

"The point of this article is simple: there is no endpoint corporate governance model. There is no optimally efficient American model. There is no optimally efficient Japanese model. To be effective, corporate governance must adapt to fit its ever-changing environment. Certain combinations of governance mechanism may work for certain periods of time. Change, however, will inevitably occur. When it does, how well a country's corporate governance system adapts to its changed environment, not how well it adheres to any particular model, will determine its success" (p. 70)

In case there is interest, here is a link to my article: Article Japanization of American Corporate Governance-Evidence of th...

corporate governance continue to evolve as more changes continue to emerge on the globe. Technology, innovation and different way of doing business encourage more research on the best practice to be followed to manage our companies. Greed has increased, honest lost and self is driving the man. it is a time when good laws will not help to manifest proper guidance of the institutions. Therefore, well know models, cannot be said to good or bad but needs to grow with the changes and new measures established to manage, emerging trends for proper organization management.

Thank you all for your scholar comments, they drove me to the following papers which sinthesize the good governance research and debate up to date.

Browse the thematical collections of free papers on corporate governance at our web-site https://www.virtusinterpress.org/A-set-of-updated-thematic-paper-collections-from-Virtus-Interpress.html to find the papers matching your request.

Dear Alexander, thank you for such a splendid, complete and updated thematic collections of papers published in virtous interpress org recently. The collections cover various topics within finance, corporate governance, financial regulation and risk management.

This is a generous share not only for me but for all academic researchers interested in these matters.

You are a scholar and a gentleman!