The Corporate Governance 'Codes of Conduct' between State and Private Law
Financial Law Institute Working Paper No. 2007-07
32 Pages Posted: 12 Dec 2007 Last revised: 4 Feb 2010
Date Written: November 1, 2007
Abstract
The relationship between corporate governance codes and the legal order in which they function is a complex one. This paper aims at analysing this relationship on the one hand by describing the factual situation in which the codes have been developed, and on the other the enforcement and monitoring of the codes in the different jurisdictions. It points to the weaknesses in enforcement and calls for developing stronger enforcement instrument without abandoning the self-regulatory nature of the codes.
Keywords: corporate law, corporate governance, enforcement
JEL Classification: K22
Suggested Citation: Suggested Citation