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Fiduciary duties are often today held out as typical instruments of shareholder protection in the common law of both … law conducive to good capital market development. However, fiduciary duties in these two jurisdictions often operate in … only in the US fiduciary duties are typically enforced by the courts, whereas in the UK, corporate law enforcement is …
Persistent link: https://www.econbiz.de/10012854910
The role of outside directors is one of the key features in the transatlantic corporate governance debate. As their importance rises, their liability is also attracting attention. Since there are only a few cases internationally in which outside directors of listed companies have been held...
Persistent link: https://www.econbiz.de/10013137966
The corporate governance debate has, in the last two decades, reached a stronghold in Europe. Perhaps the most valuable aspect of a company's governance is the constitution of its boardroom. Non-executive directors, in their independent and impartial, supposedly external nature, serve to keep...
Persistent link: https://www.econbiz.de/10013075071
The derivative action exerted by shareholders (i.e., by a single shareholder or by a minority of them) is usually activated to assert before the court administrators' managing responsibility. Falling within the wider topic of the defence of shareholder minorities and considered as one of the...
Persistent link: https://www.econbiz.de/10013143072
Islamic Finance has been growing at annual double-digit rates for about 40 years although even in conservative Islamic countries the Sharia with its prohibition of interest (ribâ) is not directly applicable law. Islamic Finance is voluntary and encompasses all kinds of financial services that...
Persistent link: https://www.econbiz.de/10013097658
Corporate boards play a central role in corporate governance and therefore are regulated in the corporate law and corporate governance codes of all industrialized countries. Yet while there is a common core of rules on the boards, considerable differences remain, not only in detail, but...
Persistent link: https://www.econbiz.de/10013087252
After a crisis, broad and sweeping reforms are enacted to restore trust. Following the 2007-2008 Great Financial Crisis, the European Union has engaged in an ambitious overhaul of banking regulation. One of its centerpieces, the 2013 Fourth Capital Requirements Directive (CRD IV), tackles,...
Persistent link: https://www.econbiz.de/10013056692
France and Europe are at the forefront of ESG regulation. They have taken steps that go far beyond mere reporting requirements, aiming at designing a new capitalism. This will have significant consequences for European companies, but also for non-European companies doing business in Europe, as...
Persistent link: https://www.econbiz.de/10014244989
Persistent link: https://www.econbiz.de/10001668072
This study examines the remuneration of non-executive directors, examining individual monitoring characteristics and director capital in addition to firm characteristics. Using a large sample of FTSE All-Share non-executive directors from 2001-2012, we find that remuneration is positively linked...
Persistent link: https://www.econbiz.de/10013004338