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Up to now there are some researches done in the field of giving a framework of implementation of corporate governance standards after corporate scandals, negative market manipulation during the post-crisis periods. This paper mainly concentrates on empirical research for findings in this field. Many countries in Asian Pacific regions including: Japan, Korea, Philippines, and Australia have made advancements in their corporate governance standards and regulations in recent decade. There are two (2) main point of time which is signaling the improvements made in the Asian countries' corporate governance policies. First period is the time during 1999-2003 after the Asian financial crisis taking place in 1997-1998 and second period is the current time, after the financial crisis 2007-2009 with impacts from US and Europe large economies.
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