Corporate governance laws and regulations

Are national laws central to corporate governance?

The corporate governance literature suggests that national laws, capital market requirements, and firm-level decisions are central to corporate governance systems (Filatotchev et al

, 2013 )

Every company, whether public or private, is governed by the laws of the state in which it is incorporated. State corporate regulations are found in the general corporation law or business corporation law statutes of the state code as well as in the state court decisions that apply or interpret the corporate statutes.

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