ANALYSING THE SIMILARITIES BETWEEN OECD PRINCIPLES VERSUS EUROPEAN CORPORATE GOVERNANCE CODES - AN INTERNAL AUDIT PERSPECTIVE

The aim of this paper is to realise a comprehensive analysis of European corporategovernance codes, from the perspective of internal audit, in the manner it is provided in the OECDPrinciples of corporate governance. The research methodology used a classification of countries bylegal regime and the determination of Russel and Rao Similarity Measure, aiming to obtain aglobal view over the similarity between the European corporate governance codes and the OECDPrinciples provisions, from internal audit‘s perspective. The findings suggest that countries from‘Former socialists‘ group are less similar to OECD Principles, from internal audit perspective,while the countries from ‘French Civil‘ and ‘Scandinavian Civil‘ have a better similarity measurecomparing to OECD Principles of corporate governance.