How corporate governance has developed in the emerging markets in the past 10 years raises issues pertaining to corporate governance in developing countries, and addresses the ongoing debate about the links between corporate governance practices and corporate performance. This book, based on research in one of the emerging markets, is intended as a resource to students of governance and an informative text for those practicing governance in developing countries. The chapters are oriented to providing readers with an in-depth understanding of governance principles. It addresses the questions: What is corporate governance? How has it developed? What are the particular characteristics of governance practices in an emerging market? Does it really improve performance? The conclusions are illustrated by research from Indonesia. The authors hope that it will enable investors and directors of companies to understand the uniqueness of the emerging market’s environment, take advantage of the opportunities offered by good governance practices and provide guidance on what steps can be taken by the government, regulators and company directors to improve governance in their enterprises.