Hostname: page-component-8448b6f56d-gtxcr Total loading time: 0 Render date: 2024-04-17T05:15:08.737Z Has data issue: false hasContentIssue false

Disclosure in EU Corporate Governance – A Remedy in Need of Adjustment?

Published online by Cambridge University Press:  20 August 2009

Karsten Engsig Sørensen
Affiliation:
Professor, Dr jur., Centre for International Business Law, Aarhus School of Business, Aarhus University.
Get access

Abstract

A large number of new rules which rely on disclosure requirements have been introduced in EU corporate governance in recent years, to the extent that disclosure requirements seem to be the predominant if not the only regulatory method used. This article takes a critical look at this development with the aim of assessing whether too much reliance has been put on disclosure as a regulatory instrument in this area. The arguments in favour of disclosure requirements are studied, as are those situations where disclosure is most likely to prove an ineffective or insufficient tool. Furthermore, it is examined how the current disclosure regimes in EU corporate governance can be improved to ensure that they will be more effective.

Type
Articles
Copyright
Copyright © T.M.C. Asser Press and the Authors 2009

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)