Corporate Governance 5. MODELS
Anglo-Saxon Model Anglo-US model, model of outsider control, open system, etc. Dispersed outsider ownership Key role of financial markets Active institutional investors Weak role of commercial banks and other credit organizations One-tier board
Continental Model German model, insider model, closed system, etc. Concentration of capital Less developed capital market Important role of credit organizations Importance of internal control Two-tier boards
Comparison of the Models