Reflections on the Regulation of Contemporary Corporate Governance

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


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
Official URL;dn=2...
Subjects Historical > FOR Classification > 1503 Business and Management
Historical > FOR Classification > 1801 Law
Historical > Faculty/School/Research Centre/Department > Faculty of Business and Law
Keywords ResPubID22486. corporate governance, corporations, corporate regulation, business, corporate executives, directors
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