Faculty & Research
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Publications
  • 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
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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.

About The Author

Charles C.Y. Wang

Accounting and Management
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