The book is the first comprehensive consideration, since the UK Cadbury Report
recommended a voluntary Corporate Governance Code, of the question whether Corporate
Governance Codes are the most effective way of ensuring adherence to good corporate
governance principles. There is no doubt that the idea of voluntary compliance with good
corporate governance practices, based on the principle of 'comply or explain', has captured
the imagination of the world. It is probably one of the best and most comprehensive …

The idea of a voluntary corporate governance code has been very actively promoted since
the release of the UK Cadbury Report in 1992. The adoption of this Report set an example
that was followed and adapted by a number of key corporate law systems globally as
evident from the comprehensive list as set out by the European Corporate Governance
Institute (http://www. ecgi. org/codes/all_codes. php). By any measure, it can be considered
one of the most prevalent and comprehensive examples of 'self-regulation'ever devised in …