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The changing roles and responsibilities of boards of directors. This book, a valuable resource for students, practitioners and policy-makers, explores the effectiveness of corporate governance codes both in terms of their content and mechanism. Using interview evidence from company directors and officers, as well as published evidence of companies corporate governance systems, it discusses the theories behind corporate governance and its regulation. This book works on the assumption that, to be effective, regulation should facilitate and encourage good board performance as well as deter poor practices.