This work investigates the relationship between company law, securities markets and securities regulation in order to try and determine whether listed companies should be treated differently by company law from other companies. The issues raise questions about corporate governance, the relative power of regulators and markets and more.

1. FACTS AND FIGURES ; 2. LEGAL CAPITAL ; 3. DISCLOSURE AND ACCOUNTING ; 4. CORPORATE GOVERNANCE AND SHAREHOLDER VALUE ; 5. THE INSTITUTIONAL INVESTOR ; 6. THE CORPORATE GOVERNANCE RECOMMENDATIONS ; 7. CONFLICTS OF INTERESTS ; 8. GROUPS OF COMPANIES ; 9. HARMONISATION OF COMPANY LAW ; 10. CONVERGENCE OF DIVERGENCE

... timely and significant collection of essays by a distinguished group of international scholars ... Throughout the collection is infused with the symbiosis between company law and the capital markets.

This book has interdisciplinary appeal, and will be of interest to lawyers, economists and all those with an interest in the corporate world A comparative analysis of the difference between the rapidly changing European scene and the more stabilized American situation A timely insight into the subject of securities regulation, at a period when many European stock exchanges are moving to an integrated trading platform The contributors are some of the leading experts in their fields

Klaus Hopt is the Director of the Max Planck Institute for Foreign Private and Private International Law in Hamburg, Germany . He has been a Professor in Tuebingen, Florence, Bern, Munich, and a visiting Professor in the University of Pennsylvania, EUI Florence, Paris I / Sorbonne, Kyoto University, Univeriste Libre de Bruxelles, Geneva, Tokyo University, University of Chicago, and New York University. He was a judge at the Court of Appeals of Stuttgart from 1981-1985, and a member of the International Faculty of Corporate and Capital Market Law. He has also been a member of the German Take-over Commission, the Deputation Deutscher Juristentag, the Group of high Level Experts on Company Law, and of the European Commission. He has been an expert for the German Parliament, for various German Ministries, for Bulgaria, and for the World Bank. Eddy Wymeersch is Professor of Commercial Law, University of Ghent, Belgium, where he teaches company law, securities regulation and banking law. He is a consultant to the EC Commission, the World Bank, and the IFC. He is a member of the corporate governance commission of the Brussels Stock Exchange, and Chairman of the Simpler Legislation for the Internal Market working party on the 1st and 2nd directive. He also acts as advisor to the Belgian Government, as a member of the Legislative Branch of the Council of State. He is a member of the Board of the National Bank of Belgium, and the Belgian Corporate Governance Commission. He was Chairman of the Board of Brussels International Airport Company, and adviser on governance issues to several listed Belgian Companies.

This book has interdisciplinary appeal, and will be of interest to lawyers, economists and all those with an interest in the corporate world A comparative analysis of the difference between the rapidly changing European scene and the more stabilized American situation A timely insight into the subject of securities regulation, at a period when many European stock exchanges are moving to an integrated trading platform The contributors are some of the leading experts in their fields