Corporate Governance Country Assessment : Jordan
This report provides an assessment of Jordan's corporate governance policy framework, enforcement and compliance practices. Strengths and weaknesses are highlighted and policy recommendations are made where appropriate. Much progress was made...
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| Format: | Corporate Governance Assessment (ROSC) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/06/6579486/jordan-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14522 |
| Summary: | This report provides an assessment of
Jordan's corporate governance policy framework,
enforcement and compliance practices. Strengths and
weaknesses are highlighted and policy recommendations are
made where appropriate. Much progress was made in the
regulatory environment in the 1990s, since the creation of
the Jordan Securities Commission, the Amman Stock Exchange,
and the Securities Depository Center. The report identifies
several key next steps that focus on implementation,
including: (i) developing a Code of Corporate Governance
that focuses on the role, duties, and functions of the
board; (ii) focused enforcement of the disclosure
provisions, with continued emphasis on a review of content;
(iii) revision of the Company Law to bring the policy
framework into greater compliance with the OECD Principles,
and (iv) a review of the regulatory jurisdictions of the
three main regulatory bodies that oversee corporate
governance. Together, these measures will bring Jordan into
the mainstream of the worldwide corporate governance reform
movement and provide new opportunities for issuers to
implement international good practice. |
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