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Liability of management and persons controlling companies in Latvia By Raymond Slaidins and Mikus Buls of Klavins & Slaidins

Corporate governance in Korea By Kyung Taek Jung and Hwa Soo Chung of Kim & Chang

Chile: Statutory rules for corporate governance improvement By Cristian Eyzaguirre of Claro y Cia

Developing the capacity to explain corporate governance: the new challenge for European companies By Stilpon Nestor of Nestor Advisors Ltd

Changes in the legal status and liability of members of management and supervisory boards in Estonia By Raino Paron and Ants Nõmper of Raidla & Partners, Tallinn

Paul Lee is a former editor and managing editor of International Financial Law Review. He joined the governance team at Hermes nearly four years ago, and now divides his time between the core index tracking portfolios and the two Hermes Focus Funds in the UK. His role in each case is the same, involving board-level discussions with companies about which Hermes has concerns, and encouraging change in order to preserve and enhance long-term shareholder value. He continues to write, including a case study chapter for the latest edition of Exploring Corporate Strategy. He won the PricewaterhouseCoopers European Shareholder Value Award 2001 for his article 'Not badly paid but paid badly'.

Indonesia: how to implement good corporate governance By Syarif Bastaman, Junaidi and Ari Wahyudi Hertanto of Bastaman & Partners

New legislation means changes in board composition and board member liability By Jan Waselius and Toni Siimes of Waselius & Wist

Pay rethink hints at culture change By Paul Lee, shareholder engagement manager, Hermes Investment Management

Corporate governance: facing up to the challenges ahead By Paul Coombes from McKinsey & Company