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...

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Main Authors:	Fremond, Olivier, Capaul, Mierta
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	CORPORATE GOVERNANCE COUNTRY CLASSIFICATIONS EQUITY FINANCE RATE OF RETURN RISKS EXPROPRIATION COST OF CAPITAL STANDARD PRACTICES SHAREHOLDING STRUCTURE ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT POLICY DIALOGUES LENDING OPERATIONS NON-LENDING SERVICES TECHNICAL ASSISTANCE CAPACITY BUILDING ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING AUTHORITY AUTHORIZATION BANKING SUPERVISION BUSINESS COMMUNITY CAPITAL MARKETS COMPANY COMPETITION LAW CORPORATE CONTROL CORPORATE GOVERNANCE SYSTEM CORPORATE STRATEGY CORPORATIONS CORRUPTION COURT SYSTEM DEPOSIT INSURANCE DISCLOSURE DIVESTITURES EMERGING MARKETS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEM FIRMS FISCAL FISCAL TRANSPARENCY FRAUD GUIDELINES INDUSTRIALIZED COUNTRIES INFORMATION DISSEMINATION INSOLVENCY INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL FINANCIAL CRISIS LEGISLATION LISTED COMPANIES LOCAL AUTHORITIES MEDIUM SIZE ENTERPRISES MERGERS NATIONAL LEVEL PRIVATIZATION PUBLIC INSTITUTIONS RATING AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPRESENTATIVES SHAREHOLDERS SHAREHOLDERS RIGHTS SUPPLIERS TRADING TRANSACTION COSTS TRANSPARENCY TRUST FUND VOTING VULNERABILITY
Online Access:	http://documents.worldbank.org/curated/en/2002/06/1939090/state-corporate-governance-experience-country-assessments http://hdl.handle.net/10986/14292

id	okr-10986-14292
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spelling	okr-10986-142922021-04-23T14:03:20Z The State of Corporate Governance: Experience from Country Assessments Fremond, Olivier Capaul, Mierta CORPORATE GOVERNANCE COUNTRY CLASSIFICATIONS EQUITY FINANCE RATE OF RETURN RISKS EXPROPRIATION COST OF CAPITAL STANDARD PRACTICES SHAREHOLDING STRUCTURE ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT POLICY DIALOGUES LENDING OPERATIONS NON-LENDING SERVICES TECHNICAL ASSISTANCE CAPACITY BUILDING ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING AUTHORITY AUTHORIZATION BANKING SUPERVISION BUSINESS COMMUNITY CAPITAL MARKETS COMPANY COMPETITION LAW CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GOVERNANCE SYSTEM CORPORATE STRATEGY CORPORATIONS CORRUPTION COURT SYSTEM DEPOSIT INSURANCE DISCLOSURE DIVESTITURES EMERGING MARKETS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEM FIRMS FISCAL FISCAL TRANSPARENCY FRAUD GUIDELINES INDUSTRIALIZED COUNTRIES INFORMATION DISSEMINATION INSOLVENCY INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL FINANCIAL CRISIS LEGISLATION LISTED COMPANIES LOCAL AUTHORITIES MEDIUM SIZE ENTERPRISES MERGERS NATIONAL LEVEL PRIVATIZATION PUBLIC INSTITUTIONS RATING AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPRESENTATIVES SHAREHOLDERS SHAREHOLDERS RIGHTS SUPPLIERS TECHNICAL ASSISTANCE TRADING TRANSACTION COSTS TRANSPARENCY TRUST FUND VOTING VULNERABILITY 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. 2013-07-01T14:16:24Z 2013-07-01T14:16:24Z 2002-06 http://documents.worldbank.org/curated/en/2002/06/1939090/state-corporate-governance-experience-country-assessments http://hdl.handle.net/10986/14292 English en_US Policy Research Working Paper;No.2858 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	CORPORATE GOVERNANCE COUNTRY CLASSIFICATIONS EQUITY FINANCE RATE OF RETURN RISKS EXPROPRIATION COST OF CAPITAL STANDARD PRACTICES SHAREHOLDING STRUCTURE ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT POLICY DIALOGUES LENDING OPERATIONS NON-LENDING SERVICES TECHNICAL ASSISTANCE CAPACITY BUILDING ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING AUTHORITY AUTHORIZATION BANKING SUPERVISION BUSINESS COMMUNITY CAPITAL MARKETS COMPANY COMPETITION LAW CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GOVERNANCE SYSTEM CORPORATE STRATEGY CORPORATIONS CORRUPTION COURT SYSTEM DEPOSIT INSURANCE DISCLOSURE DIVESTITURES EMERGING MARKETS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEM FIRMS FISCAL FISCAL TRANSPARENCY FRAUD GUIDELINES INDUSTRIALIZED COUNTRIES INFORMATION DISSEMINATION INSOLVENCY INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL FINANCIAL CRISIS LEGISLATION LISTED COMPANIES LOCAL AUTHORITIES MEDIUM SIZE ENTERPRISES MERGERS NATIONAL LEVEL PRIVATIZATION PUBLIC INSTITUTIONS RATING AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPRESENTATIVES SHAREHOLDERS SHAREHOLDERS RIGHTS SUPPLIERS TECHNICAL ASSISTANCE TRADING TRANSACTION COSTS TRANSPARENCY TRUST FUND VOTING VULNERABILITY
spellingShingle	CORPORATE GOVERNANCE COUNTRY CLASSIFICATIONS EQUITY FINANCE RATE OF RETURN RISKS EXPROPRIATION COST OF CAPITAL STANDARD PRACTICES SHAREHOLDING STRUCTURE ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT POLICY DIALOGUES LENDING OPERATIONS NON-LENDING SERVICES TECHNICAL ASSISTANCE CAPACITY BUILDING ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING AUTHORITY AUTHORIZATION BANKING SUPERVISION BUSINESS COMMUNITY CAPITAL MARKETS COMPANY COMPETITION LAW CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GOVERNANCE SYSTEM CORPORATE STRATEGY CORPORATIONS CORRUPTION COURT SYSTEM DEPOSIT INSURANCE DISCLOSURE DIVESTITURES EMERGING MARKETS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEM FIRMS FISCAL FISCAL TRANSPARENCY FRAUD GUIDELINES INDUSTRIALIZED COUNTRIES INFORMATION DISSEMINATION INSOLVENCY INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL FINANCIAL CRISIS LEGISLATION LISTED COMPANIES LOCAL AUTHORITIES MEDIUM SIZE ENTERPRISES MERGERS NATIONAL LEVEL PRIVATIZATION PUBLIC INSTITUTIONS RATING AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPRESENTATIVES SHAREHOLDERS SHAREHOLDERS RIGHTS SUPPLIERS TECHNICAL ASSISTANCE TRADING TRANSACTION COSTS TRANSPARENCY TRUST FUND VOTING VULNERABILITY Fremond, Olivier Capaul, Mierta The State of Corporate Governance: Experience from Country Assessments
relation	Policy Research Working Paper;No.2858
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Fremond, Olivier Capaul, Mierta
author_facet	Fremond, Olivier Capaul, Mierta
author_sort	Fremond, Olivier
title	The State of Corporate Governance: Experience from Country Assessments
title_short	The State of Corporate Governance: Experience from Country Assessments
title_full	The State of Corporate Governance: Experience from Country Assessments
title_fullStr	The State of Corporate Governance: Experience from Country Assessments
title_full_unstemmed	The State of Corporate Governance: Experience from Country Assessments
title_sort	state of corporate governance: experience from country assessments
publisher	World Bank, Washington, D.C.
publishDate	2013
url	http://documents.worldbank.org/curated/en/2002/06/1939090/state-corporate-governance-experience-country-assessments http://hdl.handle.net/10986/14292
_version_	1764429938486673408

The State of Corporate Governance: Experience from Country Assessments

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