Abstract

http://ssrn.com/abstract=1912548
 


 



European Company Law Experts' Response to the European Commission’s Green Paper 'The EU Corporate Governance Framework'


Paul L. Davies


University of Oxford- Faculty of Law

Klaus J. Hopt


Max Planck Institute for Comparative and International Private Law; European Corporate Governance Institute (ECGI)

Guido A. Ferrarini


University of Genoa - Law School; European Corporate Governance Institute (ECGI)

Alain Pietrancosta


Sorbonne Law School

Rolf Skog


Telia Group

Stanislaw Soltysinski


Komisja Kodyfikacyjna Prawa Cywilnego; Sołtysiński Kawecki & Szlęzak, Legal Advisors

Jaap W. Winter


Duisenberg School of Finance; De Brauw Blackstone Westbroek

Eddy Wymeersch


Ghent University - Financial Law Institute; ECGI

July 22, 2011


Abstract:     
This paper constitutes the European Company Law Experts' response to the European Commission’s Green Paper “The EU Corporate Governance Framework”. The paper contains responses to the individual questions put forward by the Commission as well as an introductory statement. In this statement we first set out briefly the rationale for having rules on corporate governance, whether those rules are determined at national or EU level and whether they are contained in hard or soft law. We then consider the rationale for taking action at EU level. Thirdly, we make a suggestion as to how the choice between hard and soft law should be made. Fourth, we consider the overall implications of the previous arguments for the division of rule-making between the EU and Member States.

Number of Pages in PDF File: 24

Keywords: corporate governance, European company law, boards, shareholder activism, corporate governance codes, comply or explain

JEL Classification: G34, K20, K22

working papers series


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Date posted: August 20, 2011  

Suggested Citation

Davies, Paul L. and Hopt, Klaus J. and Ferrarini, Guido A. and Pietrancosta, Alain and Skog, Rolf and Soltysinski, Stanislaw and Winter, Jaap W. and Wymeersch, Eddy, European Company Law Experts' Response to the European Commission’s Green Paper 'The EU Corporate Governance Framework' (July 22, 2011). Available at SSRN: http://ssrn.com/abstract=1912548 or http://dx.doi.org/10.2139/ssrn.1912548

Contact Information

Paul L. Davies
University of Oxford- Faculty of Law ( email )
Turl Street
Oxford, OX1 3DW
United Kingdom
44-1865-279731 (Phone)
44-1865-279687 (Fax)
Klaus J. Hopt
Max Planck Institute for Comparative and International Private Law ( email )
Mittelweg 187
D-20148 Hamburg
Germany
+49 40 41 90 02 05 (Phone)
+49 40 41 90 03 02 (Fax)
European Corporate Governance Institute (ECGI)
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
Guido A. Ferrarini
University of Genoa - Law School ( email )
Via Balbi, 22
16126 Genova
Italy
+39 010 209 9894 (Phone)
+39 010 209 9890 (Fax)
HOME PAGE: http://www.clfge.org
European Corporate Governance Institute (ECGI)
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
HOME PAGE: http://www.ecgi.org
Alain Pietrancosta
Sorbonne Law School ( email )
17, rue de la Sorbonne
Paris, IL 75005
France
Rolf R. Skog
Telia Group ( email )
United States
Stanislaw Soltysinski
Komisja Kodyfikacyjna Prawa Cywilnego ( email )
Ujazdowskie Ave. No. 11
Warsaw, 00-950
Poland
Sołtysiński Kawecki & Szlęzak, Legal Advisors ( email )
Wawelska Str. No. 15B
Warsaw, 02-034
Poland
Jaap W. Winter (Contact Author)
Duisenberg School of Finance ( email )
Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands
De Brauw Blackstone Westbroek ( email )
The Rock
Claude Debussylaan 80
Amsterdam, 1070 AB
Netherlands
+31205771966 (Phone)
Eddy O. Wymeersch
Ghent University - Financial Law Institute ( email )
Universiteitstraat 4
Gent, B-9000
Belgium
+32 9 264 68 27 (Phone)
+32 9 264 68 55 (Fax)
HOME PAGE: http://www.law.ugent.be/fli
ECGI ( email )
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
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