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The regulation of the public limited liability company is to a very high degree similar in the five Nordic countries due to a tradition of co-operation and mutual deliberation when legislating within this area reaching back more than a century. This tradition of company law has resulted in a unique legal regime separate to the two main currents of modern Europe; that of the British common law and that of Germany.
Among the interesting features is the separation of powers between a board of directors and a board of managers, both vested with executive powers and responsibilities but with the former as a controlling entity vis-a-vis the latter mandating a majority of out-side directors. Also looked upon is the dominant role of the general meeting of shareholders. These are both features now recognised as imperative to good corporate governance.
This volume presents the unique Nordic corporate regime in a compromised manner emphasising the identity of regulation of the Nordic countries while noting the minor differences.