There is greater appreciation that a balanced scorecard can generate firm-level  1  Paraphrasing an idea in Adam Smith’s The Theory of Moral Sentiments (1759). 2  “Robert S. Kaplan and David P. Norton, The Strategy Focused Organization: How a Balanced Scorecard Companies Thrive in the New Business Environment.”2001 Harvard Business School Publishing Corporation, p. 8.
3  http://www.oecd.org/daf/ca/corporategovernanceprinciples/43654500.pdf.The Tangible Benefits of Good Governance. Last accessed 11 November 2015. OECD. 4  Ibid. 5  Ibid. 6  Improving Board Governance: McKinsey Global Survey results. August 2013. Available at http://www.mckinsey.com/insights/strategy/improving_board_governance_mckinsey_global_survey_r esults last accessed 12 November 2015. 7  Asian Development Bank, ASEAN Corporate Governance Scorecard, Country Reports and Assessments, 2013–2014.