Boards and Shareholders in European Listed Companies: Facts, Context and Post-Crisis Reforms

Boards and Shareholders in European Listed Companies: Facts, Context and Post-Crisis Reforms
Boards and Shareholders in European Listed Companies: Facts, Context and Post-Crisis Reforms
Belcredi, M
9781107040564
30/10/2013
1
£85.00
Hb
Cambridge University Press

With contributions by distinguished scholars from legal and financial backgrounds, this collection of essays analyses four main topics in the corporate governance of European listed firms: (i) board structure, composition and functioning and their interaction with ownership structure; (ii) board remuneration; (iii) shareholder activism and (iv) corporate governance disclosure based on the 'comply or explain' approach. The authors provide new comparative evidence and analyse its implications for the policy debate. They challenge the conventional wisdom that corporate governance in European firms was systematically dysfunctional. While proposals aimed at increasing disclosure and accountability are usually well-grounded, caution is suggested when bringing forward regulatory changes with respect to proposals targeting specific governance arrangements, especially in the fields of board composition and shareholder activism. They argue that the 'comply or explain' principle should be retained and further efforts should be exercised to enhance disclosure.

  • Deals with the hot topics in corporate life and in the current policy debate
  • Policy analysis is based on up-to-date, post-crisis pan-European data
  • Provides a critical assessment of EU reform proposals, which is relevant to all people involved in the policy debate, both at the national and the EU level
Enter the Student Discount code here