Corporate governance in a globalising world: convergence or by Lutgart Berghe

By Lutgart Berghe

Show description

Read or Download Corporate governance in a globalising world: convergence or divergence? : a European perspective PDF

Best european books

Security Integration in Europe: How Knowledge-based Networks Are Transforming the European Union

At a time whilst many observers query the EU’s skill to accomplish integration of any value, and certainly Europeans themselves look dissatisfied, Mai’a okay. Davis move argues that the ecu has made impressive advances in protection integration, in either its exterior and inner dimensions. furthermore, inner safeguard integration—such as facing terrorism, immigration, cross-border crime, and drug and human trafficking—has made even larger development with dismantling definite boundaries that in the past stood on the middle of conventional kingdom sovereignty.

The Silent COUNTDOWN: Essays in European Environmental History

There's a turning out to be desire for cooperation among disciplines, not just to house the burning difficulties of the current, yet to check the interplay of societies and their ecosystems some time past. within the Nineteen Seventies stories in Environmental background have been principally restricted to North the United States. contemporary years have led to an enormous elevate within the "amount, the standard and the scope of scholarship on old interactions among human (social and fiscal) de­ velopment and the biosphere in Europe, either East and West.

European Landscape Dynamics

4 specified pan-European CORINE Land conceal datasets―CLC1990, CLC2000, CLC2006, and CLC2012― and 3 datasets bearing on adjustments among 1990 and 2012 have provided the first-ever chance to monitor the ecu panorama by way of land conceal and its swap. This e-book brings jointly most of these datasets to illustrate the equipment of id, research and review of the eu land disguise and its adjustments that came about in the course of the durations of 1990–2000, 2000–2006, and 2006–2012.

Britain and European Monetary Cooperation, 1964–1979

This publication offers a distinct point of view at the decline of sterling and Britain's responsive financial policy-making within the 1960's and '70s.

Additional resources for Corporate governance in a globalising world: convergence or divergence? : a European perspective

Example text

Control is concentrated in forms which regulation confers particular advantages. Share-blocks are concentrated at levels at which there are significant control benefits. And different types of corporate control and therefore regulatory arrangements are suited to different forms of corporate activities. Industries whose investments have short realisation periods thrive in systems with market control whereas those with long realisation periods37 benefit from management control. A concrete example related to this 'system' thinking can be found in the analysis of Pettet (2000).

There is doubt whether cross-reference is possible since governance models are often derived from the legal, social and cultural environment and this fragile equilibrium can easily be broken if parts are outsourced from other models. The 'Diversity School' therefore suggests to differentiate corporate governance models in order to reach specific goals set for business firms and economic activity. Chapter 3 will draw from past research to examine the question of convergence from seven fundamental governance characteristics48: The role of capital markets Ownership and control Shareholder rights and protection External market for corporate control and anti-take-over mechanisms Board systems Disclosure rules and accounting standards Accountability and role of the firm.

Heidrick and Struggles use different criteria to construct a measure of corporate governance in different countries. These criteria include board structure, board composition, disclosure levels and legal frameworks. These criteria are then weighted on a uniform level. From their results they argue for an evolution towards one hybrid system. As shown in Figure 3 this evolutionary pattern already also appears in their rating results. K. K. Further, eight countries are all within a range of less than 2 governance points on a scale of 16.

Download PDF sample

Rated 4.79 of 5 – based on 10 votes