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Part III Regulation in Search for a Purpose, 11 Corporate Governance of Banks after the Financial Crisis

Klaus J. Hopt

From: Financial Regulation and Supervision: A post-crisis analysis

Edited By: Eddy Wymeersch, Klaus J Hopt, Guido Ferrarini

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 15 August 2022

Supervision — Bank supervision
11.01 Corporate governance is ‘the system by which companies are directed and controlled.’3 This is the classical succinct definition for the corporate governance of companies as developed by the Cadbury Report in the United Kingdom in 1992 for the sake of company and code reform. A more economic and widely used definition holds that corporate governance ‘deals with the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment’.4 In corporate law and in the legal discussion about corporate governance, the focus is...
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