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The corporate governance environment in the UK and US is generally thought to be hostile to the emergence of cooperative employment relations of the kind exemplified by labour-management partnerships. We discuss case study evidence from the UK which suggests that, contrary to this widespread...
Persistent link: https://www.econbiz.de/10005162820
ownership. Where the corporate governance system can be seen to support partnership, it is in conjunction with market regulation …
Persistent link: https://www.econbiz.de/10005162832
The threat of systemic risk in international financial markets necessitates the establishment of universal standards … assessing and protecting against risk in financial markets. It acknowledges that different structural approaches to corporate …. An important task for supervisors and regulators is to ensure that incentives exist to encourage senior bank management …
Persistent link: https://www.econbiz.de/10005162857
The Slovenian Corporate Governance Code for Public Joint-Stock Companies was adopted in March 2004. Using a systems-theoretical approach, we examine the extent to which the implementation of the Code has resulted in the kinds of 'reflexive' learning processes which the 'comply or explain'...
Persistent link: https://www.econbiz.de/10005813008
Although codes of corporate governance have come to be widely used as a mode of regulating corporations, our understanding of how they function is still rather limited. In this paper we describe the design of such code regimes and propose a theoretical framework for studying their effects. On...
Persistent link: https://www.econbiz.de/10005813026
We suggest, on the basis of empirical research into the implementation of recent legal reforms, that Japan is not moving inexorably towards a 'global standard' in corporate governance, based on external monitoring and a market for corporate control. Japanese corporate governance is nevertheless...
Persistent link: https://www.econbiz.de/10005162851
Core institutions of UK corporate governance, in particular those relating to takeovers, board structure and directors’ duties, are strongly orientated towards a norm of shareholder primacy. Beyond the core, in particular at the intersection of insolvency and employment law, stakeholder...
Persistent link: https://www.econbiz.de/10005687992
In the wake of the financial crisis, shareholders are increasingly relied upon to monitor directors. But while much has been written about directors' flawed judgments, remarkably little is known about shareholders' ability to make accurate judgments. What determines whether shareholders make the...
Persistent link: https://www.econbiz.de/10010614650
were more immediate factors at play, including ineffective regulation. However, the general trend towards shareholder value …
Persistent link: https://www.econbiz.de/10010614652
A popular perception is that administrative receivers and their appointors hold 'too much' power in relation to troubled companies. Consideration of this issue is timely, because insolvency law is currently under review. We argue although the law's formal structure is imbalanced, this can...
Persistent link: https://www.econbiz.de/10005687971