August 2023
Intermediate to advanced
818 pages
28h 27m
English
Content preview from International Corporate Governance, 3rd Edition
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4 Anglo-American corporate governance
Introduction
This chapter sets out the essential elements of the Anglo-American approach to corporate governance. The cycle of crisis and reform that has proved most pronounced in the Anglo-American market-based system is considered with regard to the reform path of the United States, the United Kingdom, Australia, and other Anglo-American governance regimes. Essentially, in the Anglo-American system of corporate governance it is only at times of crisis that the most robust reform is contemplated. A pattern of recurrent crises is matched by renewed efforts at regulatory intervention that has at least attempted to eliminate the primary causes of the current crisis but has proved ...
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