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Compliance with the Corporate Governance Code: are there any improvements

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  • Polezhaeva Natalia

    (RANEPA)

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.

Suggested Citation

  • Polezhaeva Natalia, 2018. "Compliance with the Corporate Governance Code: are there any improvements," Published Papers ppaper-2018-313, Gaidar Institute for Economic Policy, revised 2018.
    • Handle: RePEc:gai:ppaper:ppaper-2018-313
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2018-313.pdf
    File Function: Revised version, 2018
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    More about this item

    Keywords

    Russian economy; financial market regulation;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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