ICC calls for enhanced regulatory cooperation on corporate governance requirements

Business leaders and experts from throughout the world met in London for a two-day event dealing with corporate governance regulation in a market-driven global economy, organized by the International Chamber of Commerce.

Speakers grappled with the problem of maintaining a balance between regulation and market-driven solutions to governance issues. Over the past decades developed countries have evolved what one speaker called a “hybrid solution” to the problem: in many cases a code of conduct, drawn up by the private sector, has been endorsed by governments and given legal backing.

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