It is a cliché to say that the US and the UK are divided by a common language. But the language of business on either side of the Atlantic increasingly leads to confusion rather than clarity.
In the post-Enron era it is extraordinary how the UK end of the corporate governance business has had to unpick the US model in a bid to use greater understanding as a driver for change.
A simple example is the corporate model, where there are deep historical reasons for differences. In the US businesses are called corporations because they are rooted in legislation and all authority flows from the state. They took their lead from the French model after the War of Independence.
See full Article (paid subscription required).
Posts
