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Why can legitimacy theory be explained in the light of the Corporate Governance Directive (Directive 2006/46/EC)? -In annual reports there are corporate governance statements included.

Why can legitimacy theory be explained in the light of the Corporate Governance Directive (Directive 2006/46/EC)?

-In annual reports there are corporate governance statements included.

-The Directive requires for all companies listed on an EU stock market the comply-or-explain principle.

-Companies must explain any departure from part of the corporate governance code, and the reasons for this departure.

-All answers are correct.

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