Like many other markets, stock markets are characterised by asymmetric information. If investors cannot distinguish high-quality from low-quality securities, they will value all securities as average resulting in the well known market for lemons. How can high-quality listed companies communicate with stock markets to distinguish themselves from low-quality listed companies?

This book discusses the effectiveness of four traditional corporate governance mechanisms: board of directors, audit committee, internal control and audit, external audit) as monitoring and (to a lesser extent) entrepreneurial devices.

Belgian law applicable to listed companies has undergone numerous significant changes. A key obstacle for legal practitioners is, however, the accessibility of this new legislation. This Guide untangles the mass of legal rules.