The societas Europaea - a step towards convergence of corporate governance systems?

U.C. Braendle, J. Noll

Publikation: Beitrag in FachzeitschriftArtikelBegutachtung


Since October 2004 the idea of a European Company, the Societas Europaea, has become reality and companies are allowed to incorporate in this legal form. Concerning corporate governance the Statute allows the companies to choose between a two-tier organisational structure typical for Civil Law countries and a one-tier organisational structure which is predominant in Anglo-Saxon Common Law countries. By analysing the regulations of Austria and the United Kingdom for the two board systems to elaborate the respective advantages and pitfalls, we find a strong evolution of the systems towards each other. As the board system is an integral component of a corporate governance system, the Societas Europaea highlights a major step towards convergence of these systems.
Seiten (von - bis)10-18
FachzeitschriftCorporate Ownership and Control
Ausgabenummer4 A
PublikationsstatusVeröffentlicht - 2007
Extern publiziertJa

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