How effective is corporate governance in the EU? What are the lessons for the global community?

22/07/2011

The European Commission has published a ‘Green Paper’ that assesses the effectiveness of European corporate governance frameworks and includes a number of suggestions for improvement.

The observations are interesting and have relevance beyond the EU. The paper is relatively short and includes an invitation for comment. Before reviewing the sections I found of particular interest, we should examine their definition:

Norman Marks, CPA, is vice president, governance, risk, and compliance for SAP’s BusinessObjects division, and has been a chief audit executive of major global corporations for more than 15 years. He is the contributing editor to Internal Auditor’s “Governance Perspectives” column.
normanmarks.wordpress.com/