More Efforts Needed to Improve Gender Equality in Corporate Governance in the EU

2012 ◽  
Vol 13 (3) ◽  
pp. 475-496 ◽  
Author(s):  
Karolien Pieters
Keyword(s):  
Corporate Governance ◽  
Gender Equality ◽  
The Eu

scholarly journals Comparative Models of Capitalism in the Areas of Financial System and Corporate Governance – the Diversity of Capitalism Approach Perspective

2016 ◽  
Vol 52 (1) ◽  
pp. 59-76
Author(s):  
Paweł Pisany
Keyword(s):  
Game Theory ◽  
Corporate Governance ◽  
Financial Systems ◽  
Financial Reforms ◽  
Institutional Complementarity ◽  
Capital Markets Union ◽  
Theory Application ◽  
The Eu ◽  
Regulatory Challenges

Abstract This article presents and assesses the methodology and results of a comparative analysis conducted by Bruno Amable in financial systems and corporate governance in the context of current policy and regulatory challenges. The article, which is based on a literature review and game theory examples, first describes and evaluates the methodology and final classification given by Amable. The role of Amable’s core concept; namely, institutional complementarity, is underlined. A game theory application in comparative institutional studies is then presented, including the author’s own “institutional game.” Finally, we assess Amable’s achievements in financial systems and corporate governance, concluding that they are valuable, innovative and useful despite some (perhaps justified) criticisms of the framework Amable used. In particular, the value of introducing institutional complementarity into comparative studies should not be underestimated. The analysis presented here suggests that Amable’s methodology may also be applicable when designing current financial reforms in the EU, especially European Capital Markets Union (CMU), because it can broaden policy maker’s horizons and promote consistent solutions.

scholarly journals Will the EU Taxonomy Regulation Foster Sustainable Corporate Governance?

2021 ◽  
Vol 13 (21) ◽  
pp. 12316
Author(s):  
Alessio M. Pacces
Keyword(s):  
Corporate Governance ◽  
Environmental Sustainability ◽  
Institutional Investors ◽  
Law And Economics ◽  
Securities Regulation ◽  
Environmentally Sustainable ◽  
Financial Products ◽  
Principal Agent Problem ◽  
Sustainability Disclosure ◽  
The Eu

EU securities regulation has established a taxonomy of environmentally sustainable activities. This article discusses, from a law and economics standpoint, the potential of this taxonomy to support sustainable corporate governance. Corporate governance can be an efficient way to channel investor preferences towards sustainability because the concentration of institutional shareholding has lowered the transaction costs of shareholder action. However, there is a principal-agent problem between institutional investors and their beneficiaries, which depends on greenwashing and undermines sustainable corporate governance. This article argues that introducing environmental sustainability into EU mandatory disclosure aligns the institutional investors’ incentives with the interest of their beneficiaries and may foster the efficient inclusion of sustainability in corporate governance. The argument is threefold. Firstly, the EU taxonomy may curb greenwashing by standardizing the disclosure of environmental sustainability. Secondly, this information may become salient for the beneficiaries as the same standards define the sustainability preferences to be considered in recommending and marketing financial products. Thirdly, sustainability disclosure prompts institutional investors to compete for sustainability-minded beneficiaries. Being unable to avoid unsustainable companies altogether, institutional investors are expected to cater to beneficiaries’ preferences for environmental sustainability using voice instead of an exit.

19. Labour and equality law

2020 ◽  
pp. 612-642
Author(s):  
Mia Rönnmar
Keyword(s):  
Gender Equality ◽  
Economic Crisis ◽  
Working Conditions ◽  
Flexible Work ◽  
Labour Law ◽  
Worker Participation ◽  
And Gender ◽  
The Eu

This chapter discusses a number of key EU labour and equality law issues. These include restructuring of enterprises; information, consultation, and worker participation; how national collective labour law is affected by the four freedoms; flexible work and working conditions; the EU and national labour law in times of economic crisis; and gender equality, comprehensive equality, and protection against discrimination on other grounds.

Gender mainstreaming in Europe: legislation and cultural changes

2019 ◽  
pp. 31-46
Author(s):  
Vera Lomazzi ◽  
Isabella Crespi
Keyword(s):  
European Union ◽  
Gender Equality ◽  
Cultural Change ◽  
Social Life ◽  
Gender Mainstreaming ◽  
The European Union ◽  
Cultural Changes ◽  
Substantive Equality ◽  
The Eu

The exploration of the development of the gender mainstreaming strategy and its effect on, European legislation concerning gender equality, from its beginnings to today is the aim of this chapter.The focus is on the role of the European Union in promoting substantive equality for men and women improving legislation in the European Union context and favouring a cultural change in the gender equality perspective. Gender mainstreaming is analysed as the main legislative and cultural shift done for promoting gender equality in all European policies. Gender mainstreaming legislation requires the adoption of a gender perspective by all the central actors in the policy process and, even considering its limits and blunders, and is still the most crucial transnational strategy currently in existence that promotes gender equality in all domains of social life. The legislation enquiries raised at the beginning of the gender mainstreaming implementation process in the EU around 1996 focused on the potential role of the EU in bridging the gap between formal and substantive equality, until nowadays and most recent guidelines, are the issues of the discussion in the chapter.

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