The European Union (EU) has been debating for several years whether to change from the legal capital regime as regulated under the Second Company Law Directive to a solvency test regime as applied in the US, for example. Based on an analysis of direct compliance costs and capital maintenance...

'One-share, one-vote,' a bedrock principle of Anglo-Saxon corporate governance, is back in the spotlight. Except this time, the aim is to diminish its application rather than to extend its global footprint.Hoping to stem the tide of short-termism in the financial markets, prominent commentators...