This article proposes a new, functional explanation of the different roles of non-shareholder
groups (particularly labor) in different corporate governance systems. The argument …

The Preface of the first edition of this book, which was published in 2007, included this
opening sentence:'The global economy brings us into a new world of legal players and legal …

All directors are loyal. Some are more loyal than others, and some are not only loyal to the
corporation. By whom and for what purpose are the directors appointed? Whose interests do …

Purpose This paper aims to address the evolution of corporate governance in Germany with
a particular regard to whether there can be observed a gradual convergence to a …

Ten years after the European Court of Justice's (" ECJ") seminal Centros decision,'which
ushered in a series of cases that now allow firms to choose their country of registration …

This Article contains chapters 1 and 3 of a World Banksponsored Report, prepared in
December 2006, to the Russian Federal Service for the Financial Market (FSFM). We …

Most comparative corporate governance scholarship is preoccupied with the protection of
shareholders against illicit self-dealing by managers and controlling shareholders, and the …

This article examines the extent to which the corporate governance systems of the Member
States of the EC are exposed to regulatory competition, paying particular attention to the …

Papua New Guinea (PNG) has a developing economy and the Government controls three
quarters of it. Control, in a way, provides the Government with power to give effect to the …

Corporate governance in China has gone through enormous changes since China
embraced the idea of market economy in 1978. Most of these changes were initially inspired …