EU Member States' Experience with the 'Comply or Explain' Principle in Corporate Governance

Authors

  • Hana Horak
  • Nada Bodiroga-Vukobrat

Abstract

The smooth functioning of the EU internal market entails not only regulatory harmonisation, but also a set of rules which, re¬gardless of the national laws of Member States, uniformly regulates company law and corporate governance at the supranational level. Availability, transparency and disclosure of information in listed com¬panies are of the utmost importance for company law and corporate governance, including capital market law. In company law and corpo¬rate governance, they are used as an instrument for the protection of shareholders and to control the activities of management and super¬visory boards, while in capital market law their purpose is to ensure reliable and accurate information for the whole capital market.

Author Biography

Nada Bodiroga-Vukobrat

Jean Monnet Chair, Department of European Public Law, Faculty of Law, University of Rijeka

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Published

2012-11-29

How to Cite

Horak, H., & Bodiroga-Vukobrat, N. (2012). EU Member States’ Experience with the ’Comply or Explain’ Principle in Corporate Governance. Croatian Yearbook of European Law and Policy, 7, 179–200. Retrieved from https://www.cyelp.com/index.php/cyelp/article/view/119

Issue

Vol. 7 (2011)

Section

Articles

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