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Compliance with the Corporate Governance Code: are there any improvements

Natalia Polezhaeva
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Natalia Polezhaeva: RANEPA

Published Papers from Gaidar Institute for Economic Policy

Abstract: The first corporate governance code in its present-day meaning – the Cadbury Code – was adopted in the UK in 1992 when the Cadbury Committee on Corporate Governance Issues developed the guidelines for the best corporate governance practices. The Cadbury Code laid the foundation not only for British corporate governance codes, but also paved the way for development of such codes in Europe. Late in the 1990s and early in the 2000s, corporate governance codes were approved in Austria, Belgium, Germany, France, Switzerland and Sweden.[1] At the same period, similar documents were developed in Australia, Canada, the USA and Japan. In Russia, the first corporate governance code was adopted in 2002. At present, a majority of developing and developed countries have introduced such codes, too.

Keywords: Russian economy; financial market regulation (search for similar items in EconPapers)
JEL-codes: E44 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2018, Revised 2018
New Economics Papers: this item is included in nep-cis and nep-mac
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Handle: RePEc:gai:ppaper:ppaper-2018-313