Corporate Governance Principles in Denmark - Ticking a Box or Driving Shareholder Value?

Abstract

Any Danish company which has its securities admitted to trading on a regulated market has been exposed to regulation on Corporate Governance throughout the last decade. The Danish Committee on Corporate Governance (“the Committee”) has issued recommendations (“the Recommendations”) for listed companies based on the so-called comply or explain principle. The principle requires companies to state either that they comply (and how the company comply) with a specific recommendation or explain why they do not follow a specific recommendation.

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