Abstract
Post 1992 Cadbury Committee report developments in UK corporate governance provisions are reviewed. The role of institutional investors, and the financial sector as a whole, in corporate governance is considered. Practices in “Continental Europe”, the UK and the US are contrasted, along with the roles of banks, strategic investors (“insiders”), institutional investors (“outsiders”) and capital markets. To be effective, capital markets must be efficient and competitive and auditing must be reliable. Current EU and US reform proposals are compared and prospects for convergence in corporate governance procedures assessed.
Original language | English |
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Pages (from-to) | 532-541 |
Number of pages | 10 |
Journal | Corporate Governance: An International Review |
Volume | 13 |
Issue number | 4 |
DOIs | |
Publication status | Published - 2005 |