COPORATE GOVERNANCE AND BUSINESS ETHICS IN EUROPEAN

UNION

Presented By – Nikhita MittalSweta Leena Panda

C O N T E N T

I N T R O D U C T I O N

BACKGROUND STUDY OF EU

METHODOLOGY

4 COUNTRIES ANALYSIS

FINDINGS

COMPARATIVE STUDY

NEEDS OF CORPORATE GOVERANCE AND ETHICS

Usefulness of Ethics Analysis

Contradiction Corporate Governance

Common law

BACKGROUND STUDY OF EU d

Corporate Governance Standardization

BENEFITS

METHODOLOGY

Country Analysis• Basis • Selection of Countries

Cluster Analysis• 3 Cluster analysis process• Solution to cluster analysis

local projects

international projects

Centra MetroparkPetersen MuseumOne Jackson SquareWorld Bank HQASA Research Hall

Danube HouseHeron TowerOne Light EmpireCovent GardenLuxure Skydome

GREECE

SWEDEN

BULGERIA

SPAIN

COMPARATIVE STUDY

Sweden

Spain

Family dominated ownership , 79%

2 1

Shareholders : 28%

T Communitarian system

21

1.5% inflation rate

Communitarian system

2

1

High Shareholder’s concentration

T concentrated family ownership 2

1 Rapid economic growth

4 3.65% GDP growth avg. year

Good Governance Economic

COMPARATIVE STUDY

Bulgaria

Greece

Good Governance Economic

Main goal – Get over economic crisis

2

1

6 % inflation rate, 3.65% GDP growth avg. year

1990 , First Multiparty Election 1

2 GDP 3.65% , 2007 & 4.2 % % inflation rate , 2008 Concentrated family ownership

3

1

Adopted euro in 2002 Hellenic parliament enacted law on CG3

2003 , all public companies need corporate governance 2

1 Communitarian system

COMPARATIVE STUDY

Sweden

Spain

Low corruption , Score 10/10

2

1 Scandinavian Tradition

2

1

9.3/10 Score Few unethical issues in history

Moderate corruption , rank 25th 1

Score 6.7 French legal tradition

2

1

efficiency : 6.25/10 2

Gescartera and Eurobank Scandal 3

Law Business Ethics

4 Mercantile Laws

COMPARATIVE STUDY

Bulgaria

Greece

Most corrupted , 64th rank

2

1 Unicameral legislature

2

1

rules of law : 51.4 % rank Noteworthy financial scandal

High corrupted , 56th rank , Score - 4.6

2

1 French legal tradition

2

1

Efficiency : 7/10 Banking scandal

Law Business Ethics

CONCLUDE COMPARATIVE STUDY

GDP Inflation score Law/Efficiency Corruption0

2

4

6

8

10

12

Sweden Spain Bulgeria Greece

M

ajor

cha

nge

happ

ened

in :S

wed

en

Spa

in a

nd G

reec

e m

ade

mor

e su

itabl

e ch

ange

B

ulga

ria is

new

to E

U

6 Sweden 55,039 58,116

22 Spain 28,648 29,580

24 Greece 22,395 N/A

Rank Country 2012 2013

THANK YOU