The study compares independent directors in the U.S. and EU. It shows that U.S. boards, shaped by hard law like Sarbanes–Oxley, mainly monitor management in dispersed ownership, while EU boards, guided by soft law, balance controlling shareholders and stakeholders. The Elon Musk/Tesla case highlights the difficulty of ensuring true independence. Despite some global convergence, key transatlantic differences remain.
The Role of Independent Directors in US and EU
BIYIKLI, SELIN BAŞAK
2024/2025
Abstract
The study compares independent directors in the U.S. and EU. It shows that U.S. boards, shaped by hard law like Sarbanes–Oxley, mainly monitor management in dispersed ownership, while EU boards, guided by soft law, balance controlling shareholders and stakeholders. The Elon Musk/Tesla case highlights the difficulty of ensuring true independence. Despite some global convergence, key transatlantic differences remain.File in questo prodotto:
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Utilizza questo identificativo per citare o creare un link a questo documento:
https://hdl.handle.net/20.500.12608/94726