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Published in:
2009 | OriginalPaper | Chapter
The Combined Code of Corporate Governance
Authors : Carlo Gola, Alessandro Roselli
Published in: The UK Banking System and Its Regulatory and Supervisory Framework
Publisher: Palgrave Macmillan UK
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This chapter offers a short overview of the Combined Code of Corporate Governance. It is not intended to be an exhaustive survey of the corporate governance of the United Kingdom, but rather it outlines the main features by describing this prominent example of self regulation. This approach — used often in common-law countries — adapts itself especially well to a sector such as the financial one, which is constantly evolving. It provides for a form of flexible regulation, based more on principles than on rules and therefore can be updated more easily than statute legislation.