CORPORATE GOVERNANCE PRACTICES IN CONTINENTAL EUROPE AND ANGLO-SAXON COUNTRIES: A COMPARATIVE STUDY
CORPORATE GOVERNANCE PRACTICES IN CONTINENTAL EUROPE AND ANGLO-SAXON COUNTRIES: A COMPARATIVE STUDY

Summary/Abstract: The advent of globalization in trade has marked the beginning of an era characterized by the application of adaptable trade regulations and the extensive use of production capacities on a global level. In the realm of corporate practice, both internal and external controls are essential as they shape the landscape of corporate governance. The aim of this theoretical research paper is to analyze corporate governance by investigating how laws and regulations enforce control over corporations on a comparative global level between Anglo-Saxon and Continental European countries in the context of corporate governance. This study provides fundamental insights through a comprehensive analysis of both corporate governance models, utilizing research focused on this area to highlight the complex differences rooted in contextual nuances and systemic variations. From leadership and employee engagement to legal frameworks, standards, and the dynamism of competition, the analysis illuminates the multiple relationships between corporate governance practices and contextual foundations. Further exploration in this study extends to considering the impact of organizational challenges, failures, and the formulation of Corporate Governance Codes (CGCs) as regulatory frameworks aimed at enhancing transparency and accountability. By examining legal differences and convergence trends among Anglo-Saxon countries and Continental European ones, within EU member states, along with the complex regulations adopted following the dissolution of the communist bloc in Eastern Europe, the research adds layers of complexity to the dynamics of contemporary corporate governance. This ongoing debate underscores the imperative for continuous scholarly research, highlighting the necessity of an evolving landscape of corporate practices and their complex implications.

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