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Corporate Governance and Credit Institutions

  • Birgit Sauerzopf

    ()

    (Oesterreichische Nationalbank)

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    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.

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    File URL: https://www.oenb.at/dms/oenb/Publikationen/Finanzmarkt/Financial-Stability-Report/2008/Financial-Stability-Report-16/chapters/fsr_16_special_topics_05_tcm16-95424.pdf
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    Article provided by Oesterreichische Nationalbank (Austrian Central Bank) in its journal Financial Stability Report.

    Volume (Year): (2008)
    Issue (Month): 16 ()
    Pages: 135-148

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    Handle: RePEc:onb:oenbfs:y:2008:i:16:b:5
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