Corporate Governance in the United Kingdom

Kecskés, András (2015) Corporate Governance in the United Kingdom. Pravo i Politika, 8 (2). pp. 7-22. ISSN 1820-7529

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Abstract

Flexible provisions of the UK Corporate Governance Code are considered to be one of the basic patterns in the field of ‘soft law’ regulation implemented by self-regulatory markets all over the world. The afore mentioned recommendations are combinations and extensions of former self-regulatory steps en route to a responsible system of corporate conduct. Experience indicates that corporate frauds and crisis enhanced motivation and activity of professional committees involved in rule-making processes. Notwithstanding, only time will tell whether the non-mandatory level of regulation will stand the test of the markets, or will be replaced by other regulatory efforts.

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