... a mere exercise to becoming a considerable concern for companies. Corporate Governance is an incredibly extensive area of Company Law, and so for this reason it would be impractical to review its entire reach. This paper proposes to give an outline of how and when the issue of corporate governance has risen up the political agenda for the European Union and the United Kingdom Government. The Author will be particularly concentrating on post-Enron developments and the path towards harmonisation of corporate governance in the European Union. Corporate Governance: Its Definition and Role in Company Law There is no universal definition of corporate governance6 but we may distinguish between formal definitions of corporate governance and why it is needed in an economic sense for listed companies7. A company is a collection of assets that fall under the control of its managers. The assets derive from capital contributions from its shareholders and the profits of ...

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