UK

Working Paper

01 March 2005

The Corporate Governance of Defined Benefit Pension Plans: Evidence from the United Kingdom

This paper studies the governance of defined-benefit pension plans in the United Kingdom. We construct a governance measure, equal to the proportion of trustees of the pension plan who are also executive directors of the sponsoring...

João F. Cocco | Paolo Volpin
01 May 2006

Dividends as a Substitute for Corporate Law: The Separation of Ownership and Control in the United Kingdom

The "law matters" thesis implies countries will not develop a robust stock market or diffuse corporate ownership structures unless laws are in place that curtail the extraction of private benefits of control by large shareholders and...

Brian Cheffins
01 September 2006

Who Writes the Rules for Hostile Takeovers, and Why? The Peculiar Divergence of US and UK Takeover Regulation

Hostile takeovers are commonly thought to play a key role in rendering managers accountable to dispersed shareholders in the Anglo-American system of corporate governance. Yet surprisingly little attention has been paid to the very...

John Armour | David Skeel

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April 23 2021

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