All societies, cultures and nations need to have in place some standards of behaviour that is generally accepted by all the people across the various divides.

Good governance standards and best accepted practices are an imperative need today to remain relevant to changing political and economic realities, enacted by global powers, inclusive of the domineering role played by the international corporate sector. The influence of global institutions over the local facade of conducting business is today more pronounced than ever before, making the need for having commonality of governance standards a perquisite for international trade and investment activities.

There are many countries and companies that have in place a well-documented book of governance, but what is enshrined is not put into practice. Just as we play with the Constitution of the country, that is, use when needed and ignore its basic requirements, if there is no demand. Abuses of governance structures is more rampant in the under and developing world. In the West, too, many regulators turn a blind eye to violations, so long as the interest of the country is being served.

People’s Republic of China in a strategically designed move is reaching out to friendly countries offering them insights into their own, peculiar, yet sound principles of governance, both , those that are meant for government and those meant for the private corporate sector.

President Xi Jinping’s speeches and pronouncements have been collected since the year 2012 in a five-volume encyclopedia titled, “The Governance of........

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