How to Ensure Disclosure of Information in Securities Markets Post-GFC
(2013) 42 Common Law World Review 111
25 Pages Posted: 22 Aug 2015
There are 2 versions of this paper
How to Ensure Disclosure of Information in Securities Markets Post-GFC
How to Ensure Disclosure of Information in Securities Markets Post-GFC
Date Written: May 1, 2012
Abstract
This article asks whether there is a role for the securities commission (financial regulator in some jurisdictions) in the design and the enforcement of corporate governance as demonstrated in good corporate social responsibility. It warns that securities commissions acting alone cannot assure good corporate governance. It argues that there will be more effective promotion and regulation of corporate governance with the cooperation of and the input from the corporate sector to build on its experience and insights, with the role of the securities commission, in the words of former US Securities and Exchange Commission (SEC) chair William O Douglas, limited to holding the shotgun behind the door.
Keywords: corporate governance, corporate social responsibility, securities commission, financial regulator, financial regulation, financial self-regulation, financial coregulation
JEL Classification: K22, G14, G18
Suggested Citation: Suggested Citation