Codes of Good Governance
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Codes of good governance are sets of recommendations and principles about the appropriate structure of the governing bodies of organizations and the proper behavior of the members of those governing bodies (Aguilera and Cuervo-Cazurra 2004; Cuomo et al. 2016). Their purpose is to recover the confidence of shareholders and investors in the transparency and efficiency of financial markets and in the governance systems of companies (Aguilera et al. 2016; Berglöf and Claessens 2006; Hermes et al. 2006).
Over the past decades, the concern to find optimal models of corporate governance has resulted in the publication, both at a national level individually by each country and at an international level through various international bodies, of several codes of good governance.
Although codes of good...
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