Paul Davies on Boards of Directors: the European Perspective

Geoffrey Owen, Tom Kirchmaier () and Jeremy Grant
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Geoffrey Owen: Interdisciplinary Institute of Management, London School of Economics and Political Science
Jeremy Grant: Graduate Institute of International Studies

Chapter 6 in Corporate Governance in the US and Europe, 2006, pp 42-46 from Palgrave Macmillan

Abstract: Abstract UK company legislation has traditionally had a paradox at its heart. While it has been highly prescriptive in terms of laying out the residual rights of shareholders, it is silent on the role of the board of directors. This gap has been filled in recent years by the introduction of the combined code on corporate governance. The implications of the code, with its emphasis on the monitoring role of non-executive directors, are to push the UK towards a de facto two-tier board system. Similarly, many European countries are introducing choice, between one- and two-tier boards, as to the optimal board structure.

Keywords: Corporate Governance; Supervisory Board; European Perspective; Board Structure; Employee Representation (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51245-0_6

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DOI: 10.1057/9780230512450_6

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