Is the Comply or Explain Principle a Suitable Mechanism for Corporate Governance throughout the EU?: The Dutch Experience

2012/01/21 by Mieke Olaerts, R. Abma · 1 citation
Business, Management and Accounting · #Corporate Governance and Law

paper · doi:10.54648/eucl2012049

openalex publication_date 2012/01/21 · openalex created_date 2025/10/10 · openalex updated_date 2026/06/11

Abstract

In April 2011, the European Commission launched its Green paper on the EU corporate governance framework. The purpose of this Green paper is to foster the debate regarding a diverse range of corporate governance issues. One of the issues raised by the Commission regards the functioning and the effectiveness of the so-called comply or explain-principle. Experience with this principle in the Dutch context shows that in a large majority of the cases in which a provision in a corporate governance code has not been applied, the reasons have been formulated in general terms, a disclaimer has been incorporated, or no reasons whatsoever have been provided.

Cited by

• Comply or explain [wikipedia]

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