Regulation by law or the Code?

THE corporate scandals of the late 1990s and the global financial crisis of 2008 caused governments around the world to identify causes and undertake regulatory action to forestall a recurrence. Against this backdrop, it is interesting to take a look at the different ways the United States and the United Kingdom approach the task of regulating for better corporate governance.

The UK Code-based approach

The UK first issued its Corporate Go…