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Reflections on the Regulation of Contemporary Corporate Governance

McConvill, James (2006) Reflections on the Regulation of Contemporary Corporate Governance. The Corporate Governance Law Review, 2 (1). pp. 1-67. ISSN 1449-9029

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In this article, the author considers the recent shift towards a formal corporate governance regulatory framework, and reflects on the future direction of regulation. The author explores the potential for corporate norms to be the ultimate source of corporate governance regulation. It is argued that empirical data on the formal governance measures introduced recently through the Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley" or "SOX") supports the contention that norms are overall more effective than formal rules in regulating corporate governance. Energy should be directed at developing, nurturing and promoting positive norms inside the corporation, rather than automatically jumping on the formal regulation bandwagon.

Item Type: Article
Uncontrolled Keywords: ResPubID22486. corporate governance, corporations, corporate regulation, business, corporate executives, directors
Subjects: FOR Classification > 1503 Business and Management
FOR Classification > 1801 Law
Faculty/School/Research Centre/Department > Faculty of Business and Law
Depositing User: VUIR
Date Deposited: 31 Jan 2012 00:25
Last Modified: 31 Jan 2012 00:25
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