Harmonizing corporate governance systems can potentially level the playing field for businesses, as it would increase financial and economic interconnections, including market integration, between countries. Although harmonization at the regional level such as the EU seems challenging because systems are so diverse, the reverse is the case at the national level. A critical issue in the harmonization effort is whether to adopt the “comply or explain” approach or the mandatory compliance approach. Although mandatory compliance is necessary in certain circumstances, particularly in cases of corporate pseudo-reporting that occasions corporate failures, the predominant approach involves “comply or explain”. Given competing interests in the business community, the inclination for flexibility and the regulatory authority's disposition for an oversight function, this article argues that a hybrid approach should be followed, which will internalize the merits of both the “comply or explain” and mandatory compliance approaches while eschewing their disadvantages.

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公司治理准则协调中的强制性规则与酌情规则二分法：尼日利亚的经验教训

协调公司治理体系可能会为企业创造公平的竞争环境，因为它会增加国家之间的金融和经济联系，包括市场一体化。尽管在欧盟等区域层面进行协调似乎具有挑战性，因为系统如此多样化，但在国家层面则相反。协调工作中的一个关键问题是采用“遵守或解释”方法还是强制遵守方法。尽管在某些情况下强制合规是必要的，特别是在导致企业倒闭的企业虚假报告的情况下，主要的方法是“不遵守就解释”。考虑到商业界的竞争利益、灵活性的倾向和监管机构