The plethora of corporate governance: the quest to create a Nordic governance practices code

• Main Author: Barnes, Lisa
• Other Authors: The University of Newcastle. Faculty of Business & Law, Newcastle Business School
• Format: Conference Object
• Language: English
• Published: International Academy of Business and Economics 2008
• Subjects: corporate governance; Nordic governance practices code; employment; economic growth; Norway; Iceland
• Online Access: http://hdl.handle.net/1959.13/45060

The Nordic Region is of significance in relation to employment and economic growth, corporate governance then is an appropriate mechanism to retain this orderly commercial environment. The countries of Norway, Sweden, Finland, Iceland and Denmark have all issued codes on Corporate Governance to assist companies trading on the various stock exchanges. This paper reviews these codes to analyse the similarities and indeed the apparent differences in an attempt to create one code applicable to all countries to enhance the ability to assess companies corporate governance initiatives within the region, and encourage further international interest in investment. It is hoped this analysis will assist governments and regulatoly bodies to write one code of corporate governance for the Nordic Region - coined here as Nordic Governance Practices to satisfy all stakeholders and assist to retain the present economic conditions and enhance competition and create economies of scale especially for those corporations listed on the various stock exchanges who presently have several different codes to address.