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"The knock on effect of Enron on European initiatives in the area of corporate governance has been immeasurable and promises to revitalise the whole of the company law harmonisation agenda." Discuss
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CORPORATE LAW & GOVERNANCE ASSIGNMENT "The knock on effect of Enron on European initiatives in the area of corporate governance has been immeasurable and promises to revitalise the whole of the company law harmonisation agenda." Discuss INTRODUCTION Corporate Governance is 'about the process of direction of a company, the relationship between the board of directors and management, and ultimately about regimes of accountability' 1 It has an important role to play in today's world as it fits into a wider legal framework in which society functions. Frits Bolkestein, the European Union's internal market commissioner said of the wider impacts of corporate governance that "Economies only work if companies are run efficiently. We have seen vividly what happens if they are not, investment and jobs will be lost, and in the worst cases, of which there are too many, shareholders, employees, creditors and the public are ripped off."2 Corporate Governance, has of...
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