English to Greek Bus/Financial Management

Political pressure, intensive public debate and substantive argumentation may contribute to making progress and in lending credibility to co- and self-regulatory approaches, e.g. through corporate governance codes, that have been developed in this field. Yet, self-regulatory codes may bear (very) little promise as to the impact they can actually have, by not setting any specific or hard goals for companies to achieve and by not providing for any sanctions when companies deviate from the recommendation of a gender-balanced representation. Where the comply-or-explain principle applies, one must note that for bigger companies the cost of public reputation being affected or lost in the case of non-compliance is clearly higher than for small companies. More generally, the overall application and monitoring of corporate governance codes has been found to be problematic.