This report is based on information shared during the June 2004 session of The Conference Board’s European Council on Corporate Governance and Board Effectiveness. In addition to exploring the various corporate governance codes and practices currently in place in countries throughout Europe, this report also examines the development of the European Union’s corporate governance Action Plan. Key issues covered in the report include the independence of directors, board structures, compensation practices and policies for corporate executives and for executive and nonexecutive directors, disclosures to and communication with investors, and proxy voting rules and practices.
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