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Corporate Governance and Credit Institutions


  • Birgit Sauerzopf

    () (Oesterreichische Nationalbank)


This article examines the concept of corporate governance and provides an overview of the current state of legislation at the European and Austrian level, highlighting the crucial importance of transparency and disclosure requirements as components of corporate governance. A comparison of legal bases in Austria and the EU reveals that Austria’s national implementation of the Banking Directive and its financial market reform in 2007 brought about significant advances in this area for Austrian credit institutions. Good corporate governance at credit institutions is a key factor in maintaining a stable financial market.

Suggested Citation

  • Birgit Sauerzopf, 2008. "Corporate Governance and Credit Institutions," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 16, pages 135-148.
  • Handle: RePEc:onb:oenbfs:y:2008:i:16:b:5

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    References listed on IDEAS

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    Cited by:

    1. Sándor Gardó, 2010. "Bank Governance and Financial Stability in CESEE: A Review of the Literature," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 6-31.
    2. repec:onb:oenbwp:y:2010:i:1:b:1 is not listed on IDEAS

    More about this item


    Credit Institutions; Corporate Governance; Transparency; Austrian Banking Act;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects


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