Governance and Regulations

Pierpaolo Marano is a tenured Professor of Commercial law at the Department of Legal Studies of the Catholic University of the Sacred Heart - Milan. He is an Honorary Fellow at the Asian Institute of International Financial law of the University of Hong Kong and an Affiliate Professor with the Department of Insurance at the University of Malta. He currently teaches Insurance Law and Regulation and European Union Risk Governance Regulation. He was teaching Commercial Law from 1997 to 2015 and European Union Insurance Law from 2015 to 2017. Graduated in Law at the Catholic University, Professor Marano holds a Ph.D. in Banking Law and Regulation from the University of Siena. He is a scholar in residence at the University of Connecticut, School of law – Insurance law center, where he co-teaches Comparative Insurance Regulation in the Insurance Law LL.M. Author of two monographs in Italian language, co-editor of three books in Italian language and two books in English language, as well as of six conference proceedings in English Language, he has published more than eighty academic papers in Italian and English. Simon Grima, Ph.D (Melit.), MSc (Lond), MSc (BCU), B.Com (Hons) (Melit.), FFA, FAIA (Acad), is the Head of the Insurance dept, in charge of the undergrad and postgrad degree in Insurance and Risk Management and a Senior lecturer at the University of Malta. He is the outgoing President of the Malta Association of Risk Management (MARM) and the Current President of the Malta Association of Compliance Officers (MACO). Moreover, he is among the first Certified Risk Management Professional (FERMA), is the chairman of the Scientific Education Committee of PRIMO and a member of the curriculum development team of PRIMIA. His research focus and consultancy is on Internal Controls (i.e. Risk Management, Internal Audit and Compliance) and has over 25 years of experience varied between Financial Services and with public entities in Internal Controls, Investments and IT. He acts as an Independent Director for Financial Services Firms sits on Risk, Compliance, Procurement, Investment and Audit Committees and carries out duties as a Compliance Officer, Internal Auditor and Risk Manager. Simon has acted as co-chair in various international conferences and is a reviewer of a number of Journals. He has been awarded Outstanding Reviewer for Journal of Financial Regulation and Compliance in the 2017 Emerald Literati Awards.

• Chapter 1. Small Family-owned Firms: The Challenges of Corporate governance; Philip M. Beattie Chapter 2. Managing Conduct Risk in The Boardroom: a credit institution's perspective; Diane Bugeja Chapter 3. The Regulation and Governance of Financial Advice in Europe – the implications for the retail financial advice sector and its consumers; Patrick Ring Chapter 4. Analysing the Barriers to the Development of Maltese Cooperatives; Peter j. Baldacchino, Elena Marie’ Gatt, Simon Grima Chapter 5. Corporate Governance and Cash Holdings in Indian Firms; Amitava Roy Chapter 6. Does Good Governance Foster Trust in Government? An Empirical Analysis; Jonathan Spiteri, Marie Briguglio Chapter 7. Takeover Bids European Law and Corporate Governance; Maura Garcea Chapter 8. The Reform of the doctrine of ‘Utmost Good Faith’ in the UK: A reconnaissance of the developments and outcome; Andre Farrugia  Chapter 9. The Corporate Decision in Indonesia: A Result of Corporate Governance Requirements, Earning Management and Audit Reports; Tulus Suryanto, Simon Grima  Chapter 10. The European Deposit Insurance Scheme: a myth or a fact?; John Sammut, Jessica Friggieri  Chapter 11. Product intervention of supervisory Authorities in financial services; Katica Tomic  Chapter 12. The Teaching of Financial Services Regulation: A Contextual View; John. A. Consiglio  Chapter 13. Linking the Human element to the Risk Management Process: One of the Internal Control Processes in Governance of an Organisation; Sharon Seychell Chapter 14. Transparency regime on the financial institutions market: does it really work?; Marta Ostrowska

Fourteen papers examine new and proposed laws on corporate governance in different countries and investigate the practical issues encountered when implementing complex business regulations. The contributors make the case for improved governance practices for small family-owned firms, consider changes in the regulation of financial advice in Europe, analyze barriers to the development of Maltese corporations, describe methods for teaching financial services regulation, and assess the impact of corporate governance on cash holdings among Indian firms.