Despite the recent setback in integration, due to the outbreak of the financial crisis, the European Union continues its journey towards greater economic and financial integration. Following the financial crisis we have seen a tidal wave of new EU-regulation addressing corporate governance, not only in the financial sector. More will also come in the area of company law for the "capital markets union". As a result, the new European Commission will have to face important questions on how to develop an ecosystem around corporate governance, which works for the single market.
Would a more harmonized regulatory eco-system affect the diversity of European corporate governance models? Are different national corporate governance regimes compatible with European integration? Can competition between governance models deliver integration and efficiency for the single market? How are main corporate governance models developing in European countries and worldwide, in the aftermath of the financial crisis? And could the Nordic corporate governance model be a model for Europe?
The seminar will be also the occasion to present a new book, written by a Nordic expert group, on the Nordic corporate governance model, which has created a unique environment for the development of some of the world leading companies. The authors stress, in particular, that the Nordic model creates incentives for shareholders to be engaged and take a long-term approach to the companies that they own.