The probability for shareholder litigation is studied and how corporate governance characteristics and other factors explain it. Shareholder litigation results from failure of corporate governance. Thus a better quality of corporate governance is hypothesized to decrease the litigation...

The breakdown of the management system on a global scale, after the major financial scandals, first in the US and then in Europe, has launched a debate on reviewing the position of management in the corporate governance system. Since then, a number of studies, professional papers, policy...