TL;DRAbstract
Finland belongs to the Nordic legal family, which is positioned somewhere in between the continental and Anglo-American legal families, with features typical to both civil law and common law. Owing to the common history of company legislation, corporate governance traditions, and some specific preconditions regarding the ownership structure on the stock market, Nordic corporate governance differs in some respects from both the continental and Anglo-American models. However, the European harmonization in company and securities law has radically decreased the differences between corporate governance regulation in the various European countries. As Denmark, Finland, and Sweden are members of the European Union, and Iceland and Norway are part of the European Economic Area (“EEA”) through the Agreement on the European Economic Area, their regulations resemble each other also in this respect.
Chat with Paper
AI Agents for this Paper
Finland belongs to the Nordic legal family, which is positioned somewhere in between the continental and Anglo-American legal families, with features typical to both civil law and common law. Owing to the common history of company legislation, corporate governance traditions, and some specific preconditions regarding the ownership structure on the stock market, Nordic corporate governance differs in some respects from both the continental and Anglo-American models. However, the European harmonization in company and securities law has radically decreased the differences between corporate governance regulation in the various European countries. As Denmark, Finland, and Sweden are members of the European Union, and Iceland and Norway are part of the European Economic Area (“EEA”) through the Agreement on the European Economic Area, their regulations resemble each other also in this respect.
Keywords
Chat
Click to start Chat