Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
New International Rules for Corporate Governance and the Roles of Management and Boards of Directors
Stockholm University, Faculty of Law, Department of Law.
Stockholm University, Faculty of Social Sciences, Stockholm Business School.ORCID iD: 0000-0003-2518-403x
2019 (English)In: Managing hybrid organizations: governance, professionalism and regulation / [ed] Susanna Alexius; Staffan Furusten, Palgrave Macmillan, 2019, p. 321-332Chapter in book (Other academic)
Abstract [en]

The aim of this chapter is to examine how different insurance companies have adopted and interpreted Sweden’s transposition of European Union (EU) directive Solvency II, launched in 2016, with regard to the directive’s corporate governance rules in their own organizations. Solvency II is aimed at protecting the policyholders, that is, insurance consumers as well as to stabilize the insurance market. The chapter concerns Solvency II’s section on corporate governance, that is, Articles 40–50 with special focus on Article 40. This Article sets out that each member state of the EU shall ensure that the administrative, management, or supervisory body of the insurance company (mutuals included) has the ultimate responsibility for the compliance with the laws, regulations, and administrative provisions adopted pursuant to the directive. However, Solvency II does not dictate how it should be transposed. Rather, each member state translates Article 40 in accordance to the state’s current corporate governance system. This means that there are contravening conceptions within the insurance industry on how the Article should be transposed and what consequences it will bring to the roles of management and boards and division of workload between these roles in mutual enterprises.

Place, publisher, year, edition, pages
Palgrave Macmillan, 2019. p. 321-332
Keywords [en]
modern organizations, organization characteristics, hybrid forms, social anthropology, economic history, sociology, political science, law
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-202844DOI: 10.1007/978-3-319-95486-8_16ISBN: 9783319954851 (print)ISBN: 9783319954868 (electronic)OAI: oai:DiVA.org:su-202844DiVA, id: diva2:1644972
Available from: 2022-03-15 Created: 2022-03-15 Last updated: 2022-03-16Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Authority records

Besher, Alexander R.Furusten, Staffan

Search in DiVA

By author/editor
Besher, Alexander R.Furusten, Staffan
By organisation
Department of LawStockholm Business School
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
isbn
urn-nbn

Altmetric score

doi
isbn
urn-nbn
Total: 105 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf