Law and Finance theory stresses the importance of shareholder rights for the reliability and development of capital markets. Many European Parliaments picked up this corporate governance issue. We expand the analysis of Lele and Siems (2007) and show that the number of shareholder rights grew...

Good bank governance is of vital concern to banks, financial industry and economy. The recent financial crisis has shown that an insufficient governance framework is an important attribute to a crisis. This article discusses corporate governance of Belgian banks: the specific regulatory...

In many countries shareholders were offered more rights to protect their position against “inappropriate” behaviour of other corporate constituents. Whether these developments resulted in more market participation and deeper and more liquid markets, as argued in law and finance theory,...

This paper provides a brief overview of the European capital requirements and the modernising changes contained in Directive 2006/68/EC. Next the Belgian transposition is discussed. The new rules on contributions in kind, share buy backs and financial assistance to acquire the company's shares...