Country Analyses, Second Edition
Elgar original reference
Edited by Christine A. Mallin
Introduction and Overview
Christine A. Mallin In recent years many countries have experienced economic downturns, financial scandals and corporate collapses. As part of the response to these events, countries across the globe have either introduced corporate governance codes or strengthened their existing codes and guidelines. The Organisation for Economic Co-operation and Development (OECD) issued its revised Corporate Governance Principles in 2004, and the International Corporate Governance Network (ICGN) issued its revised Statement on Global Corporate Governance Principles in July 2005. The ICGN further revised its Global Corporate Governance Principles in 2009 ‘based on a review and reconsideration of the ICGN’s existing Principles in the light of what we have learned since they were agreed in 2005, not least through the most recent turbulent times’. The purpose of this volume is to highlight the development of corporate governance in a range of countries from different parts of the world. The volume has five parts which focus on different regions and thereby illustrate the evolution of corporate governance in both developed and emerging markets, in different legal settings, and with varying ownership structures. CORPORATE GOVERNANCE IN EUROPE Part I focuses on corporate governance in various European countries. Within Europe there exists both the unitary board system of governance and the dual board system. Corporate governance developments in the UK are covered in Chapter 1 by Chris Mallin. The UK has a dominance of institutional share ownership and a unitary board structure whereby executive and non-executive directors serve on one board. Silvia Gómez-Ansón and...