Agents of transparency: How sell side financial analysts make corporate governance visible

Empirical materials See The N ew Environm ent in C orporate G overnance: Taking Stock a n d Looking A head, B usiness Roundtable Forum on Corporate Governance (10 Sep 2003). Discussion Baumann (2001) identifies eight techniques that film critics drew upon in film review s in the U S betw een 1925 and 1985 These techniques include positive and negative commentary, naming the director, Direct benchmarking of the corporate governance procedures of companies against “best practices” The Corporate Governance Quotients (CGQ) scores are provided by the Institutional Shareholder Services (ISS). ISS issues two Corporate Governance Quotient (CGQ) scores for each company: industry-adjusted CGQ scores, which reflects the standing o f a com pany within its own industry group; and the second Ascertaining and making visible the link between corporate governance and the financials Combining corporate governance with the financials Analysts as agents of transparency deploying transparency making devices