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The Financial Sector and Corporate Governance: the UK case

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  • Chris Mallin
  • Andy Mullineux
  • Clas Wihlborg

Abstract

Post 1992 Cadbury Committee report developments in UK corporate governance provisions are reviewed. The role of institutional investors, and the financial sector as a whole, in corporate governance is considered. Practices in “Continental Europe”, the UK and the US are contrasted, along with the roles of banks, strategic investors (“insiders”), institutional investors (“outsiders”) and capital markets. To be effective, capital markets must be efficient and competitive and auditing must be reliable. Current EU and US reform proposals are compared and prospects for convergence in corporate governance procedures assessed.

Suggested Citation

  • Chris Mallin & Andy Mullineux & Clas Wihlborg, 2005. "The Financial Sector and Corporate Governance: the UK case," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(4), pages 532-541, July.
    • Handle: RePEc:bla:corgov:v:13:y:2005:i:4:p:532-541
    DOI: 10.1111/j.1467-8683.2005.00447.x
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    References listed on IDEAS

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    1. Cadbury, Adrian, 2002. "Corporate Governance and Chairmanship: A Personal View," OUP Catalogue, Oxford University Press, number 9780199252008.
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