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The changing roles and responsibilities of boards of directors. This book, a valuable resource for students, practitioners and policy-makers, explores the effectiveness of corporate governance codes both in terms of their content and mechanism. Using interview evidence from company directors and officers, as well as published evidence of companies corporate governance systems, it discusses the theories behind corporate governance and its regulation. This book works on the assumption that, to be effective, regulation should facilitate and encourage good board performance as well as deter poor...

Corporate governance regulation has been through numerous cycles of reform, and yet we still see instances of companies collapsing suddenly. Codes of corporate governance have been implemented in most developed countries, recommending detailed governance frameworks for publicly listed companies and their boards, but our understanding of how these codes influence behaviour is still limited.

In this book, Alice Klettner draws on the domains of law and business to explore the effectiveness of corporate governance codes. Using interview evidence from company directors and officers, as...