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INVESTMENT PERFORMANCE AND INVESTOR BEHAVIOR

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In practice, the two defining characteristics of the codes are their topical coverage and the specificity of the underlying recommendations. An example of a very comprehensive instrument might be the Belgian Code on Corporate Governance (2004). Not only does it cover the same topic areas as the Principles, it also provides supplementary interpretations and concrete guidance for their implementation.10 In an alternative model, the TSE Principles of Corporate Governance (2004), also modelled on the OECD Principles, are broader and less concrete in terms of issues for companies to address. The subsequent issuance of a TSE Code of Conduct may...
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INVESTMENT PERFORMANCE AND INVESTOR BEHAVIOR

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