Professional paper
LIABILITY FOR USE OF INSIDER INFORMATION IN THE FRAMEWORK OF CORPORATE GOVERNANCE: A COMPARATIVE ANALYSIS OF EUROPEAN, AMERICAN AND RUSSIAN LEGISLATION
Marina I. Shunevich
; Tyumen State University, Tyumen, Russia
Abstract
Discussion on the using of insider information in the process of implementation of corporate governance is important not only for Russia, but also for those countries which have the laws governing this activity not for the fi rst year. This article is devoted to the review of legislation governing the activities with the using of insider information. Similar legislation operates in countries with a long history of their use, in particular the United States, France, Great Britain, and in states where the law in question is relatively recent (these countries are Germany, Russia). The main attention is paid to the special status of subjects of the prosecution, because the definition of insider information in the legislation of different countries does not cause serious difficulties and varies to a greater extent the formal features, but it cannot be said about what the defi nition given by the insider is.
Keywords
Hrčak ID:
151857
URI
Publication date:
1.12.2015.
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