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Corporate Governance 5. MODELS
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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
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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
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Comparison of the Models
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