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  • 2021
  • Article
  • Yale Journal on Regulation Bulletin

The Sustainable Corporate Governance Initiative in Europe

By: Mark Roe, Holger Spamann, Jesse M. Fried and Charles C.Y. Wang
  • Format:Print
  • | Pages:21
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Abstract

In July 2020, the European Commission published the “Study on directors’ duties and sustainable corporate governance” by EY. The Report purports to find evidence of debilitating short-termism in EU corporate governance and recommends many changes to support sustainable corporate governance. In this paper, we point out deep flaws in the Report’s evidence and analysis. We recently submitted the content of this paper in response to the European Commission’s call for feedback.

Keywords

Short-termism; Hedge Funds; Shareholder Activism; Securities Regulation; Agency Costs; Political Economy; Payouts; Repurchases; Corporate Governance; Investment Funds; Investment Activism; Research and Development; Investment; European Union

Citation

Roe, Mark, Holger Spamann, Jesse M. Fried, and Charles C.Y. Wang. "The Sustainable Corporate Governance Initiative in Europe." Yale Journal on Regulation Bulletin 38 (2021): 133–153.
  • SSRN
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About The Author

Charles C.Y. Wang

Accounting and Management
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    By: Charles CY Wang and Johnson Elugbadebo
    • August 10, 2022
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    The Virtues of Stock Buybacks

    By: Jesse M. Fried and Charles C.Y. Wang
More from the Authors
  • Dan McCrum - Unmasking Wirecard By: Jonas Heese, Charles C.Y. Wang, Tonia Labruyere and Carlota Moniz
  • Identifying Quality Stocks using Quantitative Screens By: Charles CY Wang and Johnson Elugbadebo
  • The Virtues of Stock Buybacks By: Jesse M. Fried and Charles C.Y. Wang
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