1. It is striking that the Cadbury Code has received such a wide audience not only in Europe but worldwide, while the comparable US legal document, the ALIPrinciples on Corporate Governance, has remained largely unknown outside the world of internationally active company law practitioners.
2. Eg in France, where shareholder defence associations have been expressly recognized in the company law (art 225–120 Company Code) and their powers broadened (see art 114 of the L Nouvelles Régulations Economiques of 2002).