Date post: | 13-Apr-2017 |
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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