Chapter 23: Capital markets and corporate governance standards
Category:
Chapter
Published:
20 Jun 2023
Page Range:
371–385
Collection:
Law 2023
DOI:
https://doi.org/10.4337/9781800379305.00034
Keywords:
Capital markets; Corporate governance standards; UK Corporate Governance Code
Restricted access

Corporate governance has moved over time from a peripheral to a central issue for capital markets regulation. In this chapter we focus on the evolution of the relationship between corporate governance and listing rules in the UK. We approach the relationship between listing rules and corporate governance by focusing on three key interactions. The first is the interaction between listing rules and the UK Corporate Governance Code, which in its origins was a form of soft law. The second is the impact of listing rules on the balance of power between shareholders and directors. The third is the impact of listing rules on the role of controlling shareholders and the protection of minority shareholders. We evaluate the nature and effect of the relevant provisions of the listing rules and the extent to which they adjust the default provisions of UK corporate law.

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Cover Research Handbook on Global Capital Markets Law
Research Handbook on Global Capital Markets Law
Handbook
Published:
20 Jun 2023
Print ISBN:
9781800379299
eISBN:
9781800379305
DOI:
https://doi.org/10.4337/9781800379305
Pages:
448
Collection:
Law 2023
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