Challenges of Corporate Governance: Twenty Years after Cadbury, Ten Years after Sarbanes-Oxley

@inproceedings{Zalewska2014ChallengesOC,
  title={Challenges of Corporate Governance: Twenty Years after Cadbury, Ten Years after Sarbanes-Oxley},
  author={Anna Zalewska},
  year={2014}
}
This paper sets the background to the Special Issue of the Journal of Empirical Finance on Challenges of Corporate Governance. It identifies the alternative approaches that can be taken to solve agency problems stemming from asymmetries of information: (i) ex-post monitoring through audit and information provision, (ii) ex-ante monitoring through boards, and (iii) incentivisation through the alignment of managerial incentives with shareholders. It discusses how the UK and the US have responded… CONTINUE READING

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