The effectiveness of corporate law on agency issues in ASEAN’s developing countries

Abstract

The purpose of this research paper was to evaluate the effectiveness of corporate law on agency issues in the Association of Southeast Asian Nations (ASEAN) developing countries. Therefore, the agency issues are discussed in this study inclusive of the free trade policies, the effect of COVID-19 in trade, incorporation of Information and Communication Technology (ICT) in business during COVID-19 pandemic. The COVID-19 pandemic has been restricting the development of the developing member nations of the ASEAN region since March, 2020. This research used the economic qualitative research method that entails collecting and evaluating non-numerical data. Further, it helps in developing a profound aspect of the study. The findings of this study highlight that ASEAN countries have harmonized ICT laws to enhance e-commerce and this is not limited to developed countries. The competition regulation strategy within the region helps in fair trade practices, and lastly, the ASEAN countries have incorporated substantive measures to mitigate and be adequately prepared to cope with COVID-19. Due to enactment of commercial law legislation, it has enriched the jurisprudence.