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Article
Publication date: 23 September 2019

Stefanie Pletz and Joan Upson

This paper aims to analyse normative corporate governance evolution in the UK between 1995 and 2014 against the benchmark of Organisation for Economic Co-Operation and Development…

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Abstract

Purpose

This paper aims to analyse normative corporate governance evolution in the UK between 1995 and 2014 against the benchmark of Organisation for Economic Co-Operation and Development (OECD) regulatory principles.

Design/methodology/approach

Methodologically, the authors conduct an empirical, longitudinal data set analysis of the formative years of UK normative corporate governance development between 1995 and 2014. We provide a qualitative discussion of the empirical evidence that links the type of UK regulatory corporate governance development to financial market growth thereby adopting a mixed approach based on quantitative and qualitative research methods.

Findings

The authors find that compared to the OECD model of corporate governance, the UK model is less rigid following a more self-regulatory approach based upon a “comply or explain” paradigm. Thus it is scored below corporate governance systems that follow a compulsory implementation model. However, even with such “low” tilt towards formal shareholder primacy norms, the UK has the best performing financial market. As a quasi-empirical study, the authors suggest that there are several historical and economic reasons for this, which together with a robust rule of law in the UK contribute to this performance – and the law especially the type or tilt is less relevant.

Originality/value

This is the first of its kind empirical, longitudinal data set analysis with qualitative elements that links empirical evidence to regulatory developments in the wider context of UK corporate governance evolution.

Details

Corporate Governance: The International Journal of Business in Society, vol. 19 no. 5
Type: Research Article
ISSN: 1472-0701

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Article
Publication date: 1 March 1997

Joan Upson

Aims to identify the extent to which the reactions of the European Commission and Member States may justifiably sit alongside the aims of the single market and the wider…

1111

Abstract

Aims to identify the extent to which the reactions of the European Commission and Member States may justifiably sit alongside the aims of the single market and the wider objectives of the EC. Examines the reactions of Member States and the EC in effecting a ban on the movement of British beef and allied products within the context of the principles of free movement of goods and powers in relation to the Common Agricultural Policy. Confirms that, while first impressions may suggest the response of the Commission and Member States goes to the foundations of the single market, the protection is not absolute. The beef crisis provides the opportunity to examine the freedoms which form the foundation of the single market and, in particular, to identify the sensible limitations of those freedoms in the light of wider Community objectives.

Details

British Food Journal, vol. 99 no. 2
Type: Research Article
ISSN: 0007-070X

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Article
Publication date: 1 February 1996

Katharine Thompson and Joan Upson

Presents the recent case of Woodspring District Council v. Bakers of Nailsea Ltd which has highlighted several contentious points of EU legislation for the meat industry…

481

Abstract

Presents the recent case of Woodspring District Council v. Bakers of Nailsea Ltd which has highlighted several contentious points of EU legislation for the meat industry, especially the cost of abattoir inspections. EU law states that these inspections should be carried out by official veterinary surgeons thus incurring great cost. Bakers of Nailsea contended that these inspections could have been done by qualified meat inspectors at a greatly reduced cost. Proposes that, although the judge ruled against Bakers of Nailsea, this case has implications for other similar cases. Discusses EU Directives and Regulations concerning food safety and hygiene.

Details

British Food Journal, vol. 98 no. 1
Type: Research Article
ISSN: 0007-070X

Keywords

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Article
Publication date: 15 October 2019

Navajyoti Samanta and Andrew Johnston

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Abstract

Details

Corporate Governance: The International Journal of Business in Society, vol. 19 no. 5
Type: Research Article
ISSN: 1472-0701

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