Corporate Governance after Enron and Global Crossing: Comparative Lessons for Cross-National Improvement

60 Pages Posted: 1 Jul 2015

See all articles by Edward S. Adams

Edward S. Adams

University of Minnesota - Twin Cities - School of Law

Date Written: 2003

Abstract

This Article outlines and compares the corporate governance structures of the United States, Japan, Germany, and France. This outline and comparison is made with respect to past, present, and future characteristics and trends. As a cross-national study, it recognizes that the varying natures of differing legal, business, social, and cultural structures significantly affect the degree to which a country can implement changes to its corporate governance systems. This study includes the possibility that one country's corporate model might be inapplicable to another country. Some aspects of American capitalism, nevertheless, are slowly being adopted as improvements in Germany, France, and Japan. Likewise, the U.S. is importing, to some extent, features of other countries' systems.

This Article also analyzes the strengths and weaknesses of corporate governance systems in Japan, Germany, and France. By doing so, a better understanding can be gained of the nature and limitations of America's corporate governance system, its potential for exportation, and its capacity for importing foreign improvements. Likewise, a better grasp can be gained of the nature and limitations of other countries' corporate governance systems, their potentials for exportation, and their capacities for importing foreign improvements. The recent bankruptcies of Enron and Global Crossing are used to illustrate these points.

Keywords: Corporate Governance, International, Bankruptcy

Suggested Citation

Adams, Edward S., Corporate Governance after Enron and Global Crossing: Comparative Lessons for Cross-National Improvement (2003). Indiana Law Journal, Vol. 78, pp.723-782, 2003. Available at SSRN: https://ssrn.com/abstract=2624879

Edward S. Adams (Contact Author)

University of Minnesota - Twin Cities - School of Law ( email )

229 19th Avenue South
Minneapolis, MN 55455
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
55
Abstract Views
416
rank
389,514
PlumX Metrics