corporate governance in the uk is the comply-or-explain.pdfVIP

ISSN 0956-8549-581 Corporate Governance in the UK: is the Comply-or-Explain Approach Working? By Antoine Faure-Grimaud Sridhar Arcot Valentina Bruno DISCUSSION PAPER NO 581 Corporate Governance at LSE, 001 DISCUSSION PAPER SERIES December 2005 Antoine Faure-Grimaud is Professor of Finance at LSE. He first joined the economics department of the LSE in 1995 and spent a couple of years in the US (notably at Harvard and Princeton). For all that time he has been a member of the FMG where he is now Director of the Corporate Finance research programme. His research interests are centred on the contracting issues related to the financing of young and innovative companies and on corporate governance. His current research interests include an analysis of the implications of bounded rationality for financial contracting, of the nascent market for corporate governance ratings, of the redundancy of multiple control rights in venture capital deals. Antoine is also the head of the PhD programme in Finance at LSE. Sridhar Arcot is currently a PhD student at the London School of Economics. His research encompasses both theory and empirics in corporate finance, more specifically in the venture capital and corporate governance areas. Prior to beginning his PhD, Sridhar worked for companies in the information technology and finance fields in the UK and India. Valentina Bruno holds a PhD in Finance from the London School of Econom