European Company Law Flashcards
CORPORATE GOVERNANCE
is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies.
SHAREHOLDER
A shareholder owns part of a public company through shares of stock. A shareholder can sell their stock and buy different stock; they do not have a long-term need for the company
STAKEHOLDER
Stakeholders, however, are bound to the company for a longer term and for reasons of greater need. Equity investment
HARD LAW
legal obligations that are binding on the parties involved and which can be legally enforced before a court.
SOFT LAW
soft law is used to denote agreements, principles and declarations that are not legally binding. Soft law instruments are predominantly found in the international sphere
ECL
Expected Credit Loss (ECL) is the probability-weighted estimate of credit losses
OECD
Organisation for Economic Co-operation and Development
CGR
Corporate Governance Review
CRR
Capital Requiremnt Regulation