Board Models in Europe - Recent Developments of Internal Corporate Governance Structures in Germany, the United Kingdom, France, and Italy

2004 ◽  
Author(s):  
Klaus J. Hopt ◽  
Patrick C. Leyens
Keyword(s):  
Corporate Governance ◽  
United Kingdom ◽  
Governance Structures ◽  
The United Kingdom ◽  
Recent Developments

International and Comparative Perspectives on Employee Participation

2010 ◽  
Author(s):  
Nick Wailes ◽  
Russell D. Lansbury
Keyword(s):  
Corporate Governance ◽  
United Kingdom ◽  
Social Action ◽  
Employee Participation ◽  
Varieties Of Capitalism ◽  
The United Kingdom ◽  
Recent Developments ◽  
Comparative Corporate Governance

This article seeks to modify and extend the Varieties of Capitalism (VofC) approach in a way that makes it possible for it to account for both within country diversity and the role which international factors play in shaping national patterns of participation. It does so by drawing on recent debates about the VofC approach in general and comparative corporate governance in particular. Both these literatures suggest the need for VofC analysis to adopt a less deterministic view of the role that institutions play in shaping social action, to focus more on the role of agency and interests, and to suggest the need to explore the interconnections between countries in more detail. The article uses this modified VofC framework to examine the extent to which it can help explain recent developments in two countries: the United Kingdom and Germany. It concludes by outlining suggestions for further research.

How Far Does the United Kingdom Have a Market-Based System of Corporate Governance? A Review and Evaluation of Recent Developments in the United Kingdom

2005 ◽  
Vol 9 (1) ◽  
pp. 107-126 ◽  
Author(s):  
Andrew Pendleton
Keyword(s):  
Corporate Governance ◽  
United Kingdom ◽  
Market Model ◽  
Network Systems ◽  
Systems Model ◽  
The United Kingdom ◽  
Recent Developments ◽  
The Uk ◽  
Strong Control ◽  
Primary Form

This article questions the extent to which UK corporate governance fits the stereotypical market model. It is argued that the UK system displays features that sit uneasily with an emphasis on markets as the primary form of governance. A web of social relationships between investors and managers complements and to some extent substitutes for market-based discipline. Thus the United Kingdom possesses characteristics of relationship or network systems as well as those of market systems. Furthermore, it is argued that, contrary to the usual inferences from an apparently dispersed structure of ownership in the United Kingdom, investors are able to exert strong control of managers. This arises from a similarity of interests between investors, and involves some explicit forms of investor co-ordination. The article concludes with some observations on the utility of the two-systems model.

Commentary: the Banking Crisis and the Economy

2008 ◽  
Vol 204 ◽  
pp. 4-8 ◽  
Author(s):  
Martin Weale
Keyword(s):  
United Kingdom ◽  
Financial Services ◽  
Banking Crisis ◽  
The United States ◽  
Second World War ◽  
Recent Experience ◽  
Bank Rate ◽  
The United Kingdom ◽  
Recent Developments ◽  
Second World

The past few weeks have seen an intensification of the banking crisis in the United States, with the near failure of Bear Sterns, although some commentators hopefully say that the worst has now passed. In the United Kingdom the gap between the Bank Rate and money market rates has re-opened and is described as indicative of a reluctance of banks to lend to each other. In this commentary we seek to explain the fundamental factors behind recent developments in UK lending markets. We begin by describing the recent experience of the financial services industry in the United Kingdom and putting the crisis, which has been described as the worst since the Second World War, into some sort of perspective.

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