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Paul Lee is a former editor and managing editor of International Financial Law Review. He joined the governance team at Hermes nearly four years ago, and now divides his time between the core index tracking portfolios and the two Hermes Focus Funds in the UK. His role in each case is the same, involving board-level discussions with companies about which Hermes has concerns, and encouraging change in order to preserve and enhance long-term shareholder value. He continues to write, including a case study chapter for the latest edition of Exploring Corporate Strategy. He won the PricewaterhouseCoopers European Shareholder Value Award 2001 for his article 'Not badly paid but paid badly'.

Recent developments of corporate governance in Germany By Klaus Riehmer, Haarmann Hemmelrath, Frankfurt

Directors' duties: recent developments from the Canadian courts By Carol Hansell of Davies Ward Phillips & Vineberg LLP

A new Corporate Governance Code for Austria By Albert Birkner of Cerha Hempel Spiegelfeld Hlawati, Vienna

Developing the capacity to explain corporate governance: the new challenge for European companies By Stilpon Nestor of Nestor Advisors Ltd

Indonesia: how to implement good corporate governance By Syarif Bastaman, Junaidi and Ari Wahyudi Hertanto of Bastaman & Partners

Changes in the legal status and liability of members of management and supervisory boards in Estonia By Raino Paron and Ants Nõmper of Raidla & Partners, Tallinn

Switzerland corporate governance By Michel Haymann of Haymann & Baldi, Zurich

Japanese corporate governance By Mitsuru Tanaka of Jones Day Showa

Chile: Statutory rules for corporate governance improvement By Cristian Eyzaguirre of Claro y Cia