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Australia (Overview (Australia has a common law system and, certainly at…
Australia
Overview
Australia has a common law system and, certainly at first glance, its corporate governance system seems to have developed along the lines of the Anglo-Saxon model, having features that would usually be typical of a UK unitary board structure
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Ownership of listed company shares is another interesting area because there are both dispersed shareholdings in listed companies and the presence of a significant non-institutional shareholder, or blockholder, in others
The former pattern of ownership is typical of an outsider system, whilst the latter is more commonly associated with an insider system
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