Corporate governance is an important area of focus for international business leaders. And yet, certain fundamental questions still need to be answered. Is there an “Asian” view on corporate governance that differs from the guidelines being promoted by international organizations and U.S.- based institutional investors? How much, or which aspects of the Western model, are appropriate for Asian corporations? Answering these questions is essential before Asian businesses can develop a response to the call for adherence to international standards of corporate governance. Through a task force on this topic, the Asia Business Council compiled a report which mapped the existing legal, corporate and cultural context for governance across the region. The task force identified constraints on change and recommended a set of guidelines for our members that they can take to enhance their companies’ operations. As our members understand the practical implications of change on their companies’ operations as well as on shareholders’ value, our work includes a practical application that is sometimes lacking.