1.Introduction In this presentation,I will discuss when laws converge and when they do not in the field of corporate governance.In general,there are three familiar questions:(1)when,how,and why legal rules change,(2)whether transplantation of legal rules from western countries has been successful,and(3)how enforcement interacts with substantive legal rules.A companion of these three questions is the well-known 1.IntroductionIn this presentation, I will discuss when laws converge and when they do not in the field of corporate governance.In general, there are three familiar questions: (1) when, how, and why legal rules change, (2) whether transplantation of legal rules from western countries has been successful, and (3) how to implement interacts with substantive legal rules. A companion of these three questions is the well-known