I have just received my copy of "The European Corporation: Ownership and Control after 25 Years of Corporate Governance Reforms". The book studies changes in corporate ownership and control from the 1990s to 2018/19. The book, which is edited by Evgeni Peev and Klaus Gugler and published by Cambridge University Press & Assessment, covers a number of countries. These include Germany, Italy, Sweden, and the UK. The book benefits from contributions by Johan Eklund, Rondi Laura, and Alexander Wagner among others. I am the author of the chapter on the UK. Ultimately, the book attempts to answer the important question as to whether national corporate governance systems have converged or not since the 1990s. More information about the book can be found here.
Philosophy of the Book Existing textbooks on corporate governance tend to have a strong focus on UK and/or US corporate governance. This focus is somewhat surprising as the UK and US corporate governance systems have features which clearly set them apart from pretty much the rest of the world. Indeed, the typical British and American stock-market listed firm is widely held (held by many shareholders) and control therefore lies with the management rather than the shareholders. In contrast, most stock-exchange listed firms from the rest of the world have a large shareholder whose control is substantial enough to have a significant influence over the firm’s affairs. Given these marked differences in ownership and control, corporate governance issues emerging in non-UK and non-US firms tend to be very different from those that may affect British and American companies. Hence, it is important for a textbook to bear in mind the diversity of ownership and control a