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This book explains why existing laws on group transparency fail to fully grasp some activities of corporate groups. This phenomenon, denoted 'shadow business', is a societal concern. This book provides the reader with examples and an interpretative solution to increase the law's effectiveness based on Systems Thinking.
List of contents
Part I. Setting the Scene: 1. Corporate group transparency; Part II. The Emergence of Group Complexity: 2. What causes group complexity; 3. The emergence of corporate groups; Part III. Decomposing Corporate Groups: 4. Organizational decoupling; 5. Control decoupling; 6. Governance decoupling; Part IV. Deficiencies in Formal Approaches to Group Transparency in EU Law: 7. The partly transparent corporate group under accounting law principles of consolidated accounts; 8. The contribution of company law to group transparency; 9. Uncovering decoupling techniques; 10. Intermediate results; Part V. A Systems Approach as a More Comprehensive Concept toward Group Transparency: 11. A primer to systems thinking; 12. Systems thinking as a foundation for group transparency; 13. A critical review of a systems approach; 14. Intermediate result; Part VI. Results: 15. Bringing it all together.
About the author
Linn Anker-Sørensen is Senior Manager, Nordic Head of Decentralized Finance, EY Norway and Lecturer in Law at the University of Oslo and Guest Lecturer at the University of Luxembourg. She is also a member of the European Securities and Market Authority's (ESMA) Financial Innovation Standing Committee.
Summary
This book explains why existing laws on group transparency fail to fully grasp some activities of corporate groups. This phenomenon, denoted 'shadow business', is a societal concern. This book provides the reader with examples and an interpretative solution to increase the law's effectiveness based on Systems Thinking.
