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UK and Netherlands Lead Emerging Corporate Governance Consensus
EIRIS News Release
2 August, 2005
Companies based in the UK and the Netherlands have the best over-all corporate governance standards in the developed world, according to the results of a new international study released today by global socially responsible investment (SRI) research firm Ethical Investment Research Services (EIRIS). The survey found an increasing convergence between countries on corporate governance practices.
Driven by scandals and a decade of activism by pension and retail investors, UK companies demonstrate a high uptake of corporate governance principles. As other countries undertake reviews of their governance standards, many of them are adopting the same principles: "It is encouraging to see more and more companies taking corporate governance seriously, though there are variations in how far this goes on a country-by-country basis", said EIRIS' Head of Research Mary Paterson.
EIRIS found that:
Head of International Relations at EIRIS, Stephen Hine, said: “Increasingly, corporate governance is being seen in the context of the broader issue of corporate transparency and accountability, both of which are crucial for investors wishing to understand how companies manage wider social, environmental and other ethical concerns.”
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