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Corporate Governance in the UNECE Region

Jeswald Salacuse ()
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Jeswald Salacuse: Fletcher School of Tufts University

No 2002_2, ECE Discussion Papers Series from UNECE

Abstract: This study examines corporate governance in the UNECE region (North America, Europe and the CIS). Governance issues have diverse implications not only for the firm's shareowners, managers and workers but for the operation of the overall economy. The differences in how this concept is interpreted on different sides of the Atlantic are discussed by outlining an Anglo-American shareholder and European stakeholder model. The American model is focused on the rights of shareholders in relation to managers while Europe's focus is on the rights of the community relative to the corporation itself. The regulatory and non-regulatory approaches to insuring proper governance are contrasted, as are the different possible objectives of the corporation. Recent reform efforts for both are discussed, as are the implications of these different models for the transition economies.

Keywords: corporate; governance (search for similar items in EconPapers)
JEL-codes: K2 L21 M14 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2002-12
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Published in UNECE Discussion Paper Series, No. 2002_2

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http://www.unece.org/fileadmin/DAM/oes/disc_papers/ECE_DP_2002-2.pdf First version, 2002 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ece:dispap:2002_2

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