The State of Corporate Governance: Experience from Country Assessments
Corporate governance deals with the ways in which the rights of outside suppliers of equity finance to corporations are protected and receive a fair return. Good practices reduce the risk of expropriation of outsiders by insiders and thus the cost...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, D.C.
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2002/06/1939090/state-corporate-governance-experience-country-assessments http://hdl.handle.net/10986/14292 |
| Summary: | Corporate governance deals with the ways
in which the rights of outside suppliers of equity finance
to corporations are protected and receive a fair return.
Good practices reduce the risk of expropriation of outsiders
by insiders and thus the cost of capital for issuers. The
authors review the experience of the preparation of 15
corporate governance country assessments across five
continents. The assessments have been prepared under the
umbrella of the joint World Bank/IMF initiative of the
"Reports on the Observance of Standards and Codes"
(ROSCs). The assessments focus on the rights of
shareholders, the equitable treatment of shareholders, the
role of stakeholders, disclosure and transparency, and the
duties of the board of listed companies, and use the OECD
Principles of Corporate Governance as benchmark. The authors
give an overview of the actual and potential contribution of
the assessments to policy dialogue, diagnostic and strategic
work, lending and non-lending operations, and technical
assistance and capacity, and presents the unfinished agenda. |
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