The Financial Sector and Corporate Governance: The UK Case

10 Pages Posted: 6 Jul 2005

See all articles by Chris Mallin

Chris Mallin

Norwich Business School, University of East Anglia; University of Birmingham - Birmingham Business School

Andy W. Mullineux

University of Birmingham

Clas Wihlborg

Chapman University; University West

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

Mallin, Christine and Mullineux, Andy W. and Wihlborg, Clas, The Financial Sector and Corporate Governance: The UK Case. Corporate Governance: An International Review, Vol. 13, No. 4, pp. 532-541, July 2005, Available at SSRN: https://ssrn.com/abstract=754291

Christine Mallin (Contact Author)

Norwich Business School, University of East Anglia ( email )

Norwich Research Park
Norwich, NR4 7TJ
United Kingdom

University of Birmingham - Birmingham Business School ( email )

Edgbaston Park Road
Birmingham, B15 2TY
United Kingdom

Andy W. Mullineux

University of Birmingham ( email )

Birmingham Business School
University House
Birmingham, B15 2TT
United Kingdom

Clas Wihlborg

Chapman University ( email )

333 N. Glassell
Orange, CA 92866
United States
+17147447630 (Phone)

University West ( email )

Trollhättan, 46186
Sweden

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