Index
2018; Emerald Publishing Limited; Linguagem: Inglês
10.1108/s1569-375920180000099015
ISSN1569-3759
ResumoCitation (2018), "Index", Grima, S. and Marano, P. (Ed.) Governance and Regulations’ Contemporary Issues (Contemporary Studies in Economic and Financial Analysis, Vol. 99), Emerald Publishing Limited, Bingley, pp. 315-329. https://doi.org/10.1108/S1569-375920180000099015 Publisher: Emerald Publishing Limited Copyright © 2018 Emerald Publishing Limited INDEX Act XXI (1959), 67 Aditya Birla group, 100 Advice European Union (EU), advice regulation (developments), 36–38 Europe, financial advice (regulation/governance), 33 gap, creation, 43 market, technology (impact), 46–47 online advice, cost, 47 payment, 41–44 regulated financial advice, definition, 38–40 role, 35–36 suitability, 44–46 Against the Gods (Berstein), 280 Agencification phenomenon, 242 Agency problems, cash accumulation, 95 Aid to Industries (Act XXI), 67 Alternative Investment Fund Managers (AIFMs), 230, 232 American National Election Studies (ANES) surveys, 125 Anil Ambani group, 100 Annual general meeting (AGM), 70 cooperative members, interaction, 79–80 uselessness, 65 Anti-money laundering, failures, 20 Apex organisation, 77, 83 Articles of Association, change, 150, 152–153 Asymmetric information, effects, 235 Auditors, remuneration, 101–102 Audit statement, 185–187 Australian Law Reform Commission, suggestions, 177–178 Austria foreign currency/repayment vehicle loans, risk, 243–244 Austrian Banking Act (BWG), 230, 243–244 Austrian Financial Market Authority (FMA), 230, 233 Minimum Standards for the Risk Management and Granting of Foreign Currency Loans and Loans with Repayment Vehicles (FMA-FXTT-MS), 230, 243–244 Austrian Financial Market, product intervention, 243–244 Austrian Securities Supervision Act (WAG), 231, 244 Austrian Stock Exchange Act (Bõ;rseG), 230 Austrian Supreme Administrative Court (VwGH), 231 Baldacchino, Peter J., 55 Banking Act, 67 Banking regulation, teaching, 262, 265 Banking sector, EU roadmap, 210 Banking Union, 209–210, 216 Bank of England, perspective, 143 Bank Recovery and Resolution Directive (BRRD), 207, 210 EDIS link, 220 Banks comparisons, difficulty, 222 impact, 258–261 regulation, formalisation, 261 Bankwesengesetz (BWG), 243 Banque Keyser Ullmann SA v. Skandia (UK) Insurance Co Ltd,, 165–166 Barclays Bank, staff training centre, 259–260 Barings Bank, problem, 259 Barnier, Michel, 23 Bartlett’s Test of Sphericity, 105 Baxter, Lawrence, 263 Beattie, Philip M., 1 Best practice forms, steps, 14 Bid period, offeree company board (obligations), 148–153 Big Bank Regulation course, 263 Board committees, 101–102 Board committees, issues, 98–99 Board of directors conduct risk, 24–27 determination, 27 dynamics, 29 evaluation, 28–30 independence, debt cost (inverse relationship), 98 neutrality rule, 152–153 risk management, 25 structure, 29, 97–98, 101 Boardroom, conduct risk (management), 19 Bombay Stock Exchange of India (BSE), 99 Bõ;rseG., See Austrian Stock Exchange Act Breakthrough rule, 143, 148–153 Briguglio, Marie, 121 British Insurance Law Association, membership, 172–173 Britton v. Royal,, 166 Bugeja, Diane, 19 Bureaucracy, involvement, 69 Bursa Efek Indonesia (BEI), 184, 187 Business educational courses, government validation, 15 Business group affiliate (BGA), 100, 1095 dummy, design, 101 Capital adequacy disclosures, quality/promptness, 304–305 Capital expenditure, cash holdings (relationship), 102–103 Capital markets, efficiency, 235–237 Capital Requirements Directive IV (CRD IV), requirements, 304 Capital Requirements Regulation, 23–24 Capital Requirements Regulation and Directive IV (CRR/CRD IV), 210 Carter v. Boehm,, 164–165, 169 Cash holdings, 93, 100–101 capital expenditure, relationship, 102–103 reasons, 95 Cash or cash equivalents (CCEs) components, 100–101 holding, 94 mean value, 105 objective functions, 106 Cassar, Marcel, 264–265 Central Cooperative Fund, 85–86 committee composition, 68 funds, usage, 73 management, 74 rules, regulation, 75 City Code on Takeovers and Mergers Section F, 146 Section P, 147 Client, risk profile, 45 CNX 100 indexes, 99 Code of Principles of Good Corporate Governance, 28 Cognitive heuristics, 284 Co-insurance stage, 217 Commission MiFID II ban, 42–43 restricted adviser payment, 43 Commission Delegated Directive, 238 Commission Delegated Regulation, 306 Commission Proposal, counteracting, 153 Committee of Direction, 80 Committee of Management, management process, 80 Communication, impact, 170 Competition, absence, 22 Compliance-driven approach, 22 Comply-or-explain principle, 309 Conduct risk factors, 20–22 information, 26 management, 22 credit institution perspective, 19 information, relationship, 25–26 regulatory focus, 22–24 Conflicts of interest, 21 Conservative Cooperative Movement, 66 Consiglio, John A., 257 Consolidated Law on Financial Intermediation, 147 Consumer Insurance (Disclosure and Representations) Act 2012, 164, 170, 172, 174 remedies, 176 Consumer market, developments, 169 Consumers independence, 41 information, MiFID II provision, 42 Contexts, teaching (problem), 266–267 Control premium, payment, 145–146 Cooperative banking, 78 Cooperative funding, institutional attitude, 66–67 Cooperative, ICA definition, 56 Cooperatives cooperation, 83 enforcement, 77 nature/social objectives, awareness, 81–82 ownership, members (perception), 82–83 perception, 73, 83–84 Cooperatives Board, composition, 84–85 Cooperative Societies Act (2001), 56, 66, 76–77 Article 26, legislation, 78–79 Article 83, option, 80 basis, 76 deficiency, 85 institutional barrier, 67 membership minimum, 70 provisional registration, 78 revision, 69 Cooperative societies, lending (restrictions), 66 Cooperative transparency, 79–80 Corporate cash holdings, corporate governance (relationship), 96–97 Corporate decision, 186–187 Corporate governance (CG) (CGR), 93 barriers, 62–63, 70–71, 79–81 CGF, 106–107 challenges, 1 complex construct, 106 corporate cash holdings, relationship, 96–97 effects, 103 European financial regulations, analysis, 300–307 features, 142 internal mechanisms, 299 measurement, 104 mechanism, 95 quality, 296–298 requirements, 183 role, 95–96 takeover bids relationship, 139 rules, relationship, 141–142 variables, coefficients, 107 Corporate social responsibility (CSR), committees/performance, 101–102 Correlation matrix, eigenvalue decomposition, 104 Corruption, eradication, 125 Cost reducer model, 211 Cours de philosophie positive (Comte), 283 Creativity, 12–14 Credit institutions, business practices (problems), 23 Cronbach’s α coefficient, usage, 188 computation, 106 Cross-border mergers, coordination (effect), 156 Cross-country factors, 127 Cultural barriers, 57, 63–66, 71–72 Cultural dialogues, 282 Cultural Theory (Douglas), 280 Daily life, financialisation, 34 Danish Committee of Corporate Governance, recommendation, 152 Danish Company Act (12 June 2009), 152 Debt cost, board independence (inverse relationship), 98 Democratic Member Control, 76–77 Deposit guarantee schemes (DGSs), 207 credibility, 209 criticism, 212–215 Directive 2014/49/EU, 208 Euro-area DGS, 219t national/Eurozone level, determination, 2232 stress testing, 225 types, differentiation, 211 Deposit insurance (deficiencies), bank runs (impact), 210–212 Deposit Insurance Fund, 217 Deposit protection, importance, 213 Deutsche Bundesbank Monthly Report, 221 Directive 2004/25/EC., See European Directive 2004/25/EC Disciplinary mechanism/function, 142 DIY investors, growth, 44 Dodd-Frank, passage, 266 Dombrovskis, Valdis, 215 Domino effect, 210 Drake Insurance Plc v. Provident Insurance Plc,, 167 Earnings management, 186 Economic and Monetary Union (EMU), 215 Economic crisis (2007-2008) events, 238 Economic realm, rational action, 283–284 Edelman Trust Barometer, 35–36, 125 EDIS., See European Deposit Insurance Scheme Efficient Capital Markets Hypothesis (EMH), 230, 233–236 semi-rigid form, 234, 235 semi-strong form, 234 strong form, 234–235 weak form, 234, 235 Eigenvalue decomposition, 104 Endogeneity issues, 124 English Law Commission, 167 Entrepreneurial failure, 3–8 Euro and Social Dialogue, 215 Euro-area DGS, 219t Eurobarometer survey, 125 European Action Plan, 149 European Banking Authority (EBA), 230, 231, 240–241 Risk Assessment of the European Banking System, 23 SREP procedures/methodologies guidelines, 24 structure, 263 European Central Bank (ECB), supervisory priorities, 23–24 European Commission (EC) Action Plan (2012), 157 Communication, 149 External Study, 143 proposal (1988/823), 150–151 Report (2012), 153 research, 37 strategy, 35 European Community, Member States (deposit protection), 212 European Company Law, Action Plan (impact), 157 European Consumer Agenda, 34 European Court of Justice (ECJ), 230 European Deposit Insurance Scheme (EDIS), 207, 208 co-insurance stage, 219 contributions/funding, 222 evolution, 215–220, 217f financial environment, changes, 222 full insurance, 219 impact, 220–223 political insensitivity, 220–221 reinsurance stage, 219 setup, 215 single resolution fund contribution, 219t timeline/steps, 218f transition phase, bank contribution (calculation), 221 European Directive 2004/25/EC (Thirteenth Directive on Company Law), 139–141 application, 149 content, 142–156 disclosure rules, 144–145 impact, 149–150 implementation, trends, 151–152 mandatory takeover bids, 145–148 optional arrangements, 150–153 positive outcomes, 157 progress, 150–151 reform process, 156–158 risks, remedies, 154 sanctions, 155–156 scope, 143 European Economic and Social Committee, 149 European financial regulations, analysis, 300–307 European Insurance and Occupational Pensions Authority (EIOPA), 230, 240, 242 structure, 263 European Parliament Directive 2004/25/EC, 140 Directive 2014/65/EU, 306 European Securities and Markets Authority (ESMA), 158, 229, 231 structure, 263 European Stability Mechanism (ESM), borrowing, 223 European Supervisory Authorities (ESAs), 232–233 European takeover bids directive, origins/scope, 140–142 European Union (EU) advice regulation, developments, 36–38 agencification phenomenon, 242 Bank Recovery and Resolution Directive (BRRD), 207 Malta Presidency EDIS Report, 222–223 product intervention, 233–237 Europe, financial advice (regulation/governance), 33 Eurozone, 58 Evolutionary process, 12–14 Exploratory factor analysis output, 105 External finance, cost, 97 External transparency, improvement, 303 Face-to-face consistency checking, 46 Face-to-face propositions, 47 Failure resolution, 218 Fama, Eugene, 234, 235 Family Councils (establishment), 12 Family-owned firms, corporate governance (challenges), 1 Farrugia, Andre, 163 Federal Court of Justice of Germany (BGH), 230 Federal Deposit Insurance Corporation (FDIC), 212–213 Final audit report, 185–187 Finance logic, integration, 34 obtaining, 84 Financial advice independence, improvement, 41 regulation/governance, 33 Financial awareness, predictor, 37 Financial barriers, 58, 66–69, 84–86 Financial Conduct Authority (FCA), 230, 237 adviser criticism, 46–47 information provision, 39 Financial guidance definition, absence, 40 provision, 40 Financial institutions long-term interests, 261 regulations, transparency, 298–300 transparency measures, 307–309 transparency regime, 293 Financial Intermediation, Consolidated Law, 147, 152 Financial literacy, OECD analysis, 35 Financial management building blocks, 67 expertise, 84 Financial products, mis-selling, 21 Financial services misconduct, 21 trust, Edelman Trust Barometer, 35–36 Financial services regulation, teaching, 257 banks, impact, 258–261 Financial services, supervisory authorities (product intervention), 229 product governance/intervention, 237–243 regulatory paradigm, 233–237 Financial system safety net, elements, 211f Finanzmarktaufsicht Österreich (FMA), 243 Firms agency problems, cash accumulation, 95 cash holding, reasons, 95 dividend payments, 103 firm-specific variables, 104–105 Five-to-three issue, 78–79 Flexibility, 12–14 FMA., See Austrian Financial Market Authority Foreign currency (FX) lending, 230 risk, 243–244 Foreign institutional investors (FII), ownership rights, 97 Formal intervention powers, 233 Friggieri, Jessica, 207 F-test, 191, 193 result, 192t usage, 193f G20 Finance Ministers and Central Bank Governors, OECD report, 297 Garcea, Maura, 139 Gardener, Ted, 265 Gatt, Elena Marie, 55 Gendered ideology/practice, 288 Gender, risk (relationship), 287–288 German Federal Financial Supervisory Authority (BaFin), 230 German Securities Acquisition and Takeover Law, 155 German Securities Trading Act (WpHG), 231 Gooby, Taylor, 285 Goods, hunt, 285 Governance challenges, 10–11 codes/principles/structures/mechanisms, establishment, 15 impact, 121, 125–126, 131–132 importance, 126 internal control processes, 277 issues, 122 mandates, 123 metrics, proliferation, 126 subsidiarity, application, 15 variables, impact, 127 Governance, implementation costs, 8 mechanisms, family enterprise (relationship), 13 Governance-related boards, two-tier system, 80 Governance, soundness, 3–8 compliance costs, 8–12 difficulties, 8–12 Government aid, reliance, 67 Governmental aid, expectation, 81 Government trust analysis, 131–134 empirical approach, 130–131 regression results, 131t, 133t descriptive statistics, 130t determinants, 132–134 governance, impact, 121, 125–126 literature review, 124–127 methodology, 127–131 data, 127 variables/sources, 128t–129t variations, factors, 124 Great Depression, 278 Grima, Simon, 55, 183 Gross domestic product (GDP) growth, yield/increase, 132–133 Harding, Hugh W., 260 Harmonisation, improvement, 157 Herding behaviour, 22 Heterokedastisitas, 188 Hill, Jonathan, 216 Homocedasticity, 188 Homo oeconomicus concept, 236–237 Hypothesis testing, 191–193 Incentives misalignment, 21 small business governance approach, 14–16 Indian firms analysis empirical results, 104–107 research design, 104 sample construct, 99–100 board structure, 97–98, 101 cash balances, 94 corporate governance/cash holdings, 93 dividend payments, 103 financial/control variables, 102–103 literature review, 96–97 ownership structure, 97, 101 variable description, 100–103 Indonesia, corporate decision, 183 analysis/discussion, 189–195 assumption test, 191 audit statement, 185–186 corporate governance, 185–186 data quality, 188 test, 190 final audit report, 185–186 F-test, 191, 193 result, 192t hypotheses, development, 185–187 hypothesis testing, 191–193 curve, F-test (usage), 193f implications/discussion, 193–195 multicollinearity test, 191 results, 192t normality test, 190 results, 190t one-sample K-S test, 190t reliability test, 191t research methodology, 187–189 respondents, profile, 189, 189t returns/questionnaire returns, 189t scatterplot, usage, 192f theoretical framework, 187f theoretical review, 185–187 t-Test, 193 results, 194t validity test, 190 result, 191t Information asymmetry, 21, 103 conduct risk management, 25–26 costs, 236 efficiency, 235–237 model, 235 overload, 236 protection, 241 Infrastructure, 26–27 Insolvency, risk, 299–300 Institutional barriers, 58, 66–69, 84–86 Institutional claims, 281 Institutional Protection Schemes (IPSs), 223 Insurance Act (2015), 164, 174–175 balance, 178 Insurance-based investment (IBI) products, 230, 240 Insurance Distribution Directive, 169 Insurance Ombudsman Bureau, setup, 167 Internal capital adequacy assessment process (ICAAP), 230 Internal consistency test, determination, 188 International Cooperative Alliance (ICA), cooperative definition, 56 International Monetary Fund (IMF), governance mandate, 123 Investments affordability, 37 risk, 44 Iqbal, Jamshed, 299 Irrevocable Payment Commitments (IPCs), 223 Kaiser-Meyer-Olkin Measure of Sampling Adequacy (KMO), 105 Kolmogorov-Smirnov non-parametric statistical test (K-S), 188 Koperattivi Malta (Apex), 83 Landsbanki, problems, 211–212 Law Commission recommendations, 173 review process, 173 Law of insurance mediation, 301 Law on Takeover Bids, Article, 5, 146 Leeson, Nick, 259 Legal barriers, 76–79 Legal profession, teaching, 261–266 Legislation, enacting, 15 Likert scale, 68 Long-term investments, liquidity excess (usage), 210 Loss aversion, 284 Mahindra and Mahindra group, 100 Malta Cooperative Federation, 83 Malta, cooperative movement, 57 Malta Financial Services Authority, 263 Listing Rules, 152 Malta Presidency EDIS Report, 222–223 Malta’s College of Arts, Science t& Technology (MCAST), 262 Maltese cooperatives barriers/limitations, 58 corporate governance barriers, 62–63, 70–71, 79–81 development, barriers (analysis), 55 discussion, 76–86 financial/institutional barriers, 66–68, 74–76, 84–86 interview results, 69–76 legal barriers, 76–79 literature, 59–68 barriers, 59 legal barriers, 59–62 methodology, 68–69 New Wave cooperatives, 71–72 Old Wave cooperatives, 71–72 recommendations, 86–87 registration process, 77–78 social/cultural barriers, 63–66, 71–74 Mandatory bids, 143 rule, reason, 145–146 Mandatory takeover bids, 145–148 conditions, 146 Marine Insurance Act (1906), 166 challenge, 167 Disclosure and Representations Section, 17, 165 remedy, 176 Section, 20, 173 Market abuse regulation (MAR), 230 Market-based performance measure, 103 Market in Financial Instruments Directives, 169 Markets in Financial Instruments Directive (MiFID) aim, 36–37 Markets in Financial Instruments Directive II (MiFID II), 230 directive, 305–307 framework, 45 implementation, 38 provisions, 41 Markets in financial instruments regulation (MiFIR), 229, 231 Market to book value ratio (MTBVR), 103, 105 Masculinities, plurality/hierarchy, 287 Material information, definition (provision), 298 Maxwell Stamp PLC report, 212 McCreevy, Charlie, 300 Membership, top-down approach/opening, 80–81 Misconduct occurrence, 20–21 restriction, impossibility, 21 Monetary and Financial Code, 147 Moral hazard, 221 reduction, 218 Moran, Michael, 262 Mukesh Ambani group, 100 Multicollinearity-free regression model, usage, 188 Multicollinearity test, 191 results, 192t Multilateral trading facility (MTF), 231, 235 Multiple regression, usage, 96 Multiple-vote rights, treatment, 150 Mutual and Federal Insurance Company Ltd v. Municipality of Oudtshoorn,, 171 Mutual and Fed Insurance Co Ltd v. Oudtshoorn,, 171 National Competent Authorities (NCAs), 229, 231 National Consumer Council, 167 National Stock Exchange of India (NSE), 99 National supervisory authority, requirements, 144–145 New Wave cooperatives, 71–72 Normality test, 188, 190 Northern Rock Bank, problems, 211–212 Offeror bid, consequences, 150 Old Wave cooperatives, 71–72, 81 One-sample K-S test, 190t Online advice, cost, 47 O.P. Jindal group, 100 Ordinance XXXIV, 56 Organisational culture, 281–283 Organisational design/management/motivation, 13 Organisational identity, impact, 281–282 Organisation for Economic Co-operation and Development (OECD) Corporate Governance principles, 302 report, 297 Strategic Response to the Financial and Economic Crisis, 299 Organisations governance, internal control processes, 277 persistence, 282 Organization for Economic Cooperation and Development (OECD), Principles of Corporate Governance (relationship), 141–142 Ostrowska, Marta, 293 Otherness, 285 Overend Gurney Bank, 258–259 Ownership members, perception, 82–83 structure, 97, 101 Own risk and solvency assessment (ORSA), 303 Packaged retail and insurance-based investment products (PRIIPs), 229, 231, 232 Pan Atlantic Insurance Company Ltd v. Pine Top Insurance Co.,, 172 Paolo de Bono, Dott, 260 Papers LC319, 172 Pay box model, 211 Pay-outs, simplification, 218 Pearson correlations, 104 test, usage, 188 Perrow, Charles, 284 Poland, supervisory authority, 301–302 Polish Banking Law Act, 305 Political efficacy, 124 Post-financial crisis analysis, 35 Post-sales handling, 242 Preventive defences, neutralisation, 149 Principal component analysis (PCA), usage, 96, 104 Principles of Corporate Governance, 297 Private company directors, demographics, 10 Product governance, 237–243 account, 239–240 regime, applicability, 239 intervention, 237, 240–243 powers, 237, 241–242 oversight governance (POG), 231 Product governments, requirements, 238 Proportional remedies, reasons, 177–178 Prowess database, 99–100 Public accountability, 126–127 Public equity markets, efficiency, 236 Public sector enterprises (PSEs), 94, 97, 100 Randall, Simon, 66 Random Effect Model, 133–134 Random Effects model, 132 Rationality, 236–239 Recast Directive 2014/49/EU, 214–215 Red tape, involvement, 69 Regulated financial advice definition, 38–40 MiFID definition, 39 Regulation MiFIR, 231 Regulation, teaching, 261–266 Regulatory authorities, 308–309 Re-insurance scheme, creation, 224 Reliability test, 191t Remedy legislation, 307 Repayment vehicle loans, risk, 243–244 Report from the Commission to the European Parliament, 156 Resolution facilitator model, 211 Retail financial advice section, regulation/governance, 33 Retail investment products, regulation, 237 Return on asset (ROA), 103 Ring, Patrick, 33 Risk expansion, 280 gender, relationship, 287–288 perception/culture, 279–281 profile, assessment, 45–46 research, 279–280 society, 283–286 tolerance, 45 Risk Assessment of the European Banking System (EBA), 23 Risk management, 279–281 ISO 31000 definition, 279 process, human element (linkage), 277 system, 303 values, 286 Royal Decree 1066/2007, Article, 8, 148 Roy, Amitava, 93 Sammut, John, 207 Schooner, Heidi M., 267 SCOOPS initiative, 73–74, 82 Securities Acquisition and Takeover Act, 152 Article 33, 153 Article 59, 155 Securities and Markets Statekholders Group (SMSG), 233 Securities Code Article 182, 152 Article 187, 147 Article 189, 148 Article 192, 155 Sell-out rights, 143, 153–154 Seychell, Sharon, 277 Shleifer, Andrei, 236–237 SIMEX, problems, 259 Single Market Action Plan, 36–37 Single resolution fund contribution, 219t Single resolution mechanism (SRM), 210, 215 Single Supervisory Mechanism (SSM), 24, 209, 215 supervisory statement, 25 Small business governance, approaches, 12–16 operation, entrepreneurial problems, 5t–7t tax benefits, 15 Social barriers, 57, 63–66, 71–72 Social objectives, emphasis, 80–81 Solvency II directive, 300–303 CRD IV, comparison, 304 Souster, Bob, 264 Spiteri, Jonathan, 121 SPSS descriptive statistics, usage, 69 Squeeze-out rights, 143, 153–154 Statement of General Insurance Practice, 168 Status quo, change (resistance), 28 Stress testing, 225 Subsidiarity application, 15 small business governance approach, 14–16 Succession issue, 27 planning, structuring, 27 planning/training, 29 Supervisor model, 211 Supervisory authorities, product intervention, 229 Supervisory Review and Evaluation Process (SREP), 23–24 Supra-national fund, 223–224 Suryanto, Tulus, 183 Swiss Federal Act on Stock Exchanges and Securities Trading (SESTA), 231 Takeover Act Article 12, 152 Article 35, 155 Articles 24/25, 148 no. 127/1998, 146 Takeover bids corporate governance, relationship, 139 directives, 157–158 European takeover bids directive, origins/scope, 140–142 mandatory takeover bids, 145–148 rules, corporate governance (relationship), 141–142 Tata Motors, cash reserves, 94 Taylor, Michael, 267 Teachers, regulation, 267–268 Technology advancement, 285 advances, 170 impact, 46–47 usage, increase, 44 Testing curve, t-Test (usage), 194f Texts, teaching (problem), 266–267 TIrish Takeover Panel Act, 152 Tolerance, value (evaluation), 188 Tomic, Katica, 229 Trade, incentivising, 15 Transparency directives, 157–158 impact, process, 300–307 measures, 307–309 principle/value, 295–296 regime, 293 requirements, increase, 294–295 role, 301–302 term, usage, 295 understanding, 308 t-Test, 193 results, 194t Undertakings for collective investment in transferable securities (UCITS), 231, 232 United Kingdom (UK) DIY investors, growth, 44 fee-paying system, 42 Law Reform Committee, 167 retail financial advice sector, reform, 38 Utmost Good Faith, reform (effect), 174–175 United Nations Development Programme, focus, 125 Up-front fee, payment (unwillingness), 43 Utmost Good Faith, 164–165 case studies/discussion, 166–174 insurance practice, 166–174 literature, 166–174 practice, reform developments, 166–167 principle, reform (outcome), 175–176 Utmost Good Faith reform case, 167–174 consumer market developments, 169 doctrine, 163 economic factors, 169 effect, 174–175 factors, 168–174 Law Commissions considerations, 173–174 input, 171–173 proportional remedies, reasons, 177–178 remedies, 175–177 socio-political factors, 168–169 technology, impact, 169–171 Validity test, 190 result, 191t Value-expectancy models, 284 Varimax rotation, usage, 105–106 Vienna Stock Exchange (VSE), 231 VIF, value (evaluation), 188 VwGH., See Austrian Supreme Administrative Court WAG., See Austrian Securities Supervision Act t“Who Wants to be a Millionaire,t”, 287 World Bank governance mandate, 123 Worldwide Governance Indicators, 126 Worldwide Governance Indicators, 121, 126 Zabbar Farmers’ Cooperative Society Ltd., formation, 56 Book Chapters Prelims Small Family-owned Firms: The Challenges of Corporate governance Managing Conduct Risk in The Boardroom: A Credit Institution’s Perspective The Regulation and Governance of Financial Advice in Europe – The Implications for the Retail Financial Advice Sector and Its Consumers Analysing the Barriers to the Development of Maltese Cooperatives Corporate Governance and Cash Holdings in Indian Firms Does Good Governance Foster Trust in Government? An Empirical Analysis Takeover Bids European Law and Corporate Governance The Reform of the doctrine of Utmost Good Faith: A Reconnaissance of the Developments and Outcome with Particular Reference to the UK The Corporate Decision in Indonesia: A Result of Corporate Governance Requirements, Earning Management and Audit Reports The European Deposit Insurance Scheme: A Myth or A Fact? Product Intervention of Supervisory Authorities in Financial Services The Teaching of Financial Services Regulation: A Contextual View Linking the Human Element to the Risk Management Process: One of the Internal Control Processes in Governance of an Organisation Transparency Regime within the Financial Institutions: does it really work? Index
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