The subject of corporate governance has gained increased attention as a result of substantial changes in the role of the private sector in economic development and in providing job opportunities, in addition to increased awareness of the important role of companies in the economy. In recent years, corporate governance has received special attention from the economic managements of various countries, [...]
In this article we will discuss about the direct and indirect policies affecting corporate control in Europe. Policies Directly Affecting Corporate Control: A number of directives have already been adopted in the field of company law, independently of the White Paper. Five directives deal with company law issues in the strict sense of the word, four with accounting matters. The [...]
Despite the stalemate on the EU's corporate governance directives, five developments are increasingly having the effect of reducing the specificities of systems, opening national markets to international competition and augmenting the importance of stock markets: 1. Growing Role of Institutional Investors 2. Integration of Capital Markets 3. Harmonisation of Accounting Standards 4. Shareholder Activism 5. Privatisation. 1. Growing Role of [...]