The Financial Sector and Corporate Governance: the UK case

Christine Mallin, Andy Mullineux, Clas Wihlborg

Research output: Contribution to journalArticlepeer-review

36 Citations (Scopus)

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 languageEnglish
Pages (from-to)532-541
Number of pages10
JournalCorporate Governance: An International Review
Volume13
Issue number4
DOIs
Publication statusPublished - 2005

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