The majority of listed companies are part of a group linked through ownership and/or
other mechanisms to exercise control. The popularity of group structures is based
on a number of economic and legal advantages, including facilitating the supply of
goods and services, economies of scale, reaching new markets or new activities, sharing
the provisions of internal services such as loans and facilitating mergers and acquisitions.
This working paper presents a comparative overview of the regulation of groups in
company law. It also discusses how different corporate governance codes make recommendations
on issues relevant to the boards in company groups.