Peter A. Gourevitch

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The Politics of Corporate Governance Regulation

112 Yale L.J. 1829 (2003) Why do corporate governance systems differ quite substantially around the world? The American model supervises managers through a board representing a diffuse mass of external shareholders whose rights are defended by a variety of institutional rules (such as those governing insider trading, antitrust, and an open market for corporate control) and by watchdog "reputational intermediaries"...