Capital Markets and Corporate Governance Standards

Forthcoming as a chapter in Iain MacNeil and Iris Chiu (eds.) Research Handbook on Global Capital Markets Law (Edward Elgar 2022)

17 Pages Posted: 29 Apr 2022

See all articles by Iain MacNeil

Iain MacNeil

University of Glasgow - School of Law

Irene-Marie Esser

University of Glasgow; University of Stellenbosch

Date Written: April 20, 2022

Abstract


Corporate governance has over time moved from being a peripheral to a central issue for capital markets regulation. In this chapter we focus on the evolution of the relationship between corporate governance and listing rules in the UK. We approach the relationship between listing rules and corporate governance by focusing on three key interactions. The first is the interaction between listing rules and the UK Corporate Governance Code, which in its origins was a form of soft law. The second is the impact of listing rules on the balance of power between shareholders and directors. The third is the impact of listing rules on the role of controlling shareholders and the protection of minority shareholders. We evaluate the nature and effect of the relevant provisions of the listing rules and the extent to which they adjust the default provisions of UK corporate law.

Keywords: corporate governance, listing rules, capital markets, soft law, shareholders and directors

Suggested Citation

MacNeil, Iain and Esser, Irene-Marie, Capital Markets and Corporate Governance Standards (April 20, 2022). Forthcoming as a chapter in Iain MacNeil and Iris Chiu (eds.) Research Handbook on Global Capital Markets Law (Edward Elgar 2022) , Available at SSRN: https://ssrn.com/abstract=4088794 or http://dx.doi.org/10.2139/ssrn.4088794

Iain MacNeil (Contact Author)

University of Glasgow - School of Law ( email )

Stair Building
5 - 8 The Square
Glasgow, Scotland G12 8QQ
United Kingdom
+44 141 330 5863 (Phone)
+44 141 330 4900 (Fax)

Irene-Marie Esser

University of Glasgow ( email )

School of Law
Glasgow, Scotland G12 8LE
United Kingdom

HOME PAGE: http://www.gla.ac.uk/schools/law/staff/irene-marieesser/

University of Stellenbosch ( email )

Private Bag X1
Stellenbosch, Western Cape 7602
South Africa

HOME PAGE: http://blogs.sun.ac.za/law/handelsreg-mercantile-law/

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