Europe adapts to globalisation and investor unrest

Corporate governance reforms along British lines are being forced on companies throughout Europe by governments and investors to make them adapt to the growing international convergence of capital markets, accounting standards and ethical codes.

It follows shareholder unrest at companies such as Deutsche Börse, Carrefour and the Swiss food group Nestlé, where almost two-fifths of shareholders voted against board proposals to give Peter Brabeck a dual mandate as chairman and chief executive.

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