Jordan Corporate Governance Regulations : Comparative Study

As the importance of Corporate Governance increases, an awareness and understanding of the different relevant regulations becomes of paramount value. The importance and value of Corporate Governance is not the core of this publication. The publicat...

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Bibliographic Details
Main Author: Jordan Institute of Directors
Format: Working Paper
Language:English
en_US
Published: World Bank Group, Washington, DC 2015
Subjects:
CEO
LAW
Online Access:http://documents.worldbank.org/curated/en/2015/06/24606836/jordan-corporate-governance-regulations-comparative-study
http://hdl.handle.net/10986/22060
id okr-10986-22060
recordtype oai_dc
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 LIMITED
CHAIRMAN CEO
BOARD MEMBERS
CORPORATION
CORPORATE AFFAIRS
STOCK
INTEREST
CORPORATE PERFORMANCE
GOVERNMENT
EXCHANGE
RESPONSIBILITY
SERVICES
SHAREHOLDERS RIGHTS
DISCRIMINATION
INDEPENDENT DIRECTORS
DISCLOSURE REQUIREMENTS
BOARDS OF DIRECTORS
SOCIAL RESPONSIBILITY
COMPANIES
CORPORATE BODY
AUTHORITIES
DISCLOSURE
CENTRAL BANKS
INDEPENDENCE
OVERSIGHT
AUDIT COMMITTEE
FULL DISCLOSURE
ACQUISITIONS
CENTRAL BANK
COMMUNICATIONS
CODE OF CONDUCT
INTERNATIONAL FINANCE
STATES
CORPORATE GOVERNANCE LAW
LOCAL BANKS
CEO
AUTHORITY
RIGHTS OF SHAREHOLDERS
PROXY
EMBEZZLEMENT
ADOPTION
ORGANIZATIONS
BOARD MEMBER
LEGISLATION
CORPORATE GOVERNANCE FRAMEWORK
CORPORATE ENTITY
REPRESENTATIVES
BOARD MEETINGS
RISK MANAGEMENT POLICY
SHAREHOLDER MEETINGS
PUBLIC SHAREHOLDER
DUE DILIGENCE
CORPORATE GOVERNANCE CODE
FINANCE
DIRECTORS
BANKS
BUSINESS ORGANIZATION
STOCK COMPANIES
ACCOUNTABILITY
JURISDICTION
DISCLOSURE STANDARDS
OWNERSHIP STRUCTURE
TRANSPARENCY
RISK MANAGEMENT POLICIES
PUBLIC CORPORATION
COMPROMISE
REPUTATION
VALUE
FULL • DISCLOSURE
BANK
STAKEHOLDERS
CHIEF EXECUTIVE
CHAIRMAN AND CEO
PARTNERSHIP
GROUP OF COMPANIES
ASSOCIATION
GOVERNANCE PRACTICES
INTERNAL CONTROLS
DECISION-MAKING
SHARES
CORPORATE GOVERNANCE CODES
BALANCE SHEET
COMPANY
INSIDER TRADING
REGULATION
SECURITIES
GOVERNANCE
SHAREHOLDERS
INSURANCE
LIMITED LIABILITY COMPANY
GOVERNANCE REGULATIONS
TRADE
INTERESTS
STATE
COMPANIES LAW
SECURITY
STOCKS
STOCK EXCHANGE
HUMAN RESOURCES
SHARE
ORGANIZATION
INTERNAL AUDIT
EQUALITY
LIMITED LIABILITY COMPANIES
FINANCE CORPORATION
INTERNAL CONTROL
BANKING
VOTING
REGULATORS
INDIVIDUALS
STAKEHOLDER
SHARE CAPITAL
LAW
GOVERNANCE PRINCIPLES
LEGAL REQUIREMENTS
RISK MANAGEMENT
CAPITAL EXPENDITURES
INDEPENDENT DIRECTOR
JOINT STOCK COMPANIES
SHAREHOLDER
AUDIT
PERSONS
SECURITIES LAW
LIMITED LIABILITY
INTERNATIONAL MARKETS
RISK MANAGEMENT COMMITTEE
CORPORATE ASSETS
INTERNATIONAL BEST PRACTICE
CORPORATE GOVERNANCE
spellingShingle LIMITED
CHAIRMAN CEO
BOARD MEMBERS
CORPORATION
CORPORATE AFFAIRS
STOCK
INTEREST
CORPORATE PERFORMANCE
GOVERNMENT
EXCHANGE
RESPONSIBILITY
SERVICES
SHAREHOLDERS RIGHTS
DISCRIMINATION
INDEPENDENT DIRECTORS
DISCLOSURE REQUIREMENTS
BOARDS OF DIRECTORS
SOCIAL RESPONSIBILITY
COMPANIES
CORPORATE BODY
AUTHORITIES
DISCLOSURE
CENTRAL BANKS
INDEPENDENCE
OVERSIGHT
AUDIT COMMITTEE
FULL DISCLOSURE
ACQUISITIONS
CENTRAL BANK
COMMUNICATIONS
CODE OF CONDUCT
INTERNATIONAL FINANCE
STATES
CORPORATE GOVERNANCE LAW
LOCAL BANKS
CEO
AUTHORITY
RIGHTS OF SHAREHOLDERS
PROXY
EMBEZZLEMENT
ADOPTION
ORGANIZATIONS
BOARD MEMBER
LEGISLATION
CORPORATE GOVERNANCE FRAMEWORK
CORPORATE ENTITY
REPRESENTATIVES
BOARD MEETINGS
RISK MANAGEMENT POLICY
SHAREHOLDER MEETINGS
PUBLIC SHAREHOLDER
DUE DILIGENCE
CORPORATE GOVERNANCE CODE
FINANCE
DIRECTORS
BANKS
BUSINESS ORGANIZATION
STOCK COMPANIES
ACCOUNTABILITY
JURISDICTION
DISCLOSURE STANDARDS
OWNERSHIP STRUCTURE
TRANSPARENCY
RISK MANAGEMENT POLICIES
PUBLIC CORPORATION
COMPROMISE
REPUTATION
VALUE
FULL • DISCLOSURE
BANK
STAKEHOLDERS
CHIEF EXECUTIVE
CHAIRMAN AND CEO
PARTNERSHIP
GROUP OF COMPANIES
ASSOCIATION
GOVERNANCE PRACTICES
INTERNAL CONTROLS
DECISION-MAKING
SHARES
CORPORATE GOVERNANCE CODES
BALANCE SHEET
COMPANY
INSIDER TRADING
REGULATION
SECURITIES
GOVERNANCE
SHAREHOLDERS
INSURANCE
LIMITED LIABILITY COMPANY
GOVERNANCE REGULATIONS
TRADE
INTERESTS
STATE
COMPANIES LAW
SECURITY
STOCKS
STOCK EXCHANGE
HUMAN RESOURCES
SHARE
ORGANIZATION
INTERNAL AUDIT
EQUALITY
LIMITED LIABILITY COMPANIES
FINANCE CORPORATION
INTERNAL CONTROL
BANKING
VOTING
REGULATORS
INDIVIDUALS
STAKEHOLDER
SHARE CAPITAL
LAW
GOVERNANCE PRINCIPLES
LEGAL REQUIREMENTS
RISK MANAGEMENT
CAPITAL EXPENDITURES
INDEPENDENT DIRECTOR
JOINT STOCK COMPANIES
SHAREHOLDER
AUDIT
PERSONS
SECURITIES LAW
LIMITED LIABILITY
INTERNATIONAL MARKETS
RISK MANAGEMENT COMMITTEE
CORPORATE ASSETS
INTERNATIONAL BEST PRACTICE
CORPORATE GOVERNANCE
Jordan Institute of Directors
Jordan Corporate Governance Regulations : Comparative Study
geographic_facet Middle East and North Africa
Jordan
description As the importance of Corporate Governance increases, an awareness and understanding of the different relevant regulations becomes of paramount value. The importance and value of Corporate Governance is not the core of this publication. The publication is built around the premise that Corporate Governance is important and increasingly becoming of significant importance for growth, continued success and sustainability. Accordingly, this publication aims to identify, highlight and summarize the different codes of Corporate Governance along with other relevant regulations that impact Corporate Governance that are available in Jordan. The authors intend to address the different codes with respect to the principles of Corporate Governance as defined by the Organization of Economic Cooperation and Development (OECD); namely: ensuring the basis for an effective Corporate Governance framework; the rights of shareholders and key ownership functions; the equitable treatment of shareholders; the role of stakeholders in Corporate Governance; disclosure and transparency; and the responsibilities of the Board. This comparative study will provide an overview of how each code (or relevant regulation) addresses the different principles and to what extent. Since certain Corporate Governance practices tend to overlap across different principles and cover broad practices, we have found that it would be best in this study to provide a detailed assessment of different practices and requirements based on different dimensions. The dimensions the authors use are those defined based on best practices as identified by the International Finance Corporation (IFC) as follows: commitment to Corporate Governance; board functioning; management control environment; disclosure and transparency; and shareholder and stakeholder relations.
format Working Paper
author Jordan Institute of Directors
author_facet Jordan Institute of Directors
author_sort Jordan Institute of Directors
title Jordan Corporate Governance Regulations : Comparative Study
title_short Jordan Corporate Governance Regulations : Comparative Study
title_full Jordan Corporate Governance Regulations : Comparative Study
title_fullStr Jordan Corporate Governance Regulations : Comparative Study
title_full_unstemmed Jordan Corporate Governance Regulations : Comparative Study
title_sort jordan corporate governance regulations : comparative study
publisher World Bank Group, Washington, DC
publishDate 2015
url http://documents.worldbank.org/curated/en/2015/06/24606836/jordan-corporate-governance-regulations-comparative-study
http://hdl.handle.net/10986/22060
_version_ 1764450066926403584
spelling okr-10986-220602021-04-23T14:04:06Z Jordan Corporate Governance Regulations : Comparative Study Jordan Institute of Directors LIMITED CHAIRMAN CEO BOARD MEMBERS CORPORATION CORPORATE AFFAIRS STOCK INTEREST CORPORATE PERFORMANCE GOVERNMENT EXCHANGE RESPONSIBILITY SERVICES SHAREHOLDERS RIGHTS DISCRIMINATION INDEPENDENT DIRECTORS DISCLOSURE REQUIREMENTS BOARDS OF DIRECTORS SOCIAL RESPONSIBILITY COMPANIES CORPORATE BODY AUTHORITIES DISCLOSURE CENTRAL BANKS INDEPENDENCE OVERSIGHT AUDIT COMMITTEE FULL DISCLOSURE ACQUISITIONS CENTRAL BANK COMMUNICATIONS CODE OF CONDUCT INTERNATIONAL FINANCE STATES CORPORATE GOVERNANCE LAW LOCAL BANKS CEO AUTHORITY RIGHTS OF SHAREHOLDERS PROXY EMBEZZLEMENT ADOPTION ORGANIZATIONS BOARD MEMBER LEGISLATION CORPORATE GOVERNANCE FRAMEWORK CORPORATE ENTITY REPRESENTATIVES BOARD MEETINGS RISK MANAGEMENT POLICY SHAREHOLDER MEETINGS PUBLIC SHAREHOLDER DUE DILIGENCE CORPORATE GOVERNANCE CODE FINANCE DIRECTORS BANKS BUSINESS ORGANIZATION STOCK COMPANIES ACCOUNTABILITY JURISDICTION DISCLOSURE STANDARDS OWNERSHIP STRUCTURE TRANSPARENCY RISK MANAGEMENT POLICIES PUBLIC CORPORATION COMPROMISE REPUTATION VALUE FULL • DISCLOSURE BANK STAKEHOLDERS CHIEF EXECUTIVE CHAIRMAN AND CEO PARTNERSHIP GROUP OF COMPANIES ASSOCIATION GOVERNANCE PRACTICES INTERNAL CONTROLS DECISION-MAKING SHARES CORPORATE GOVERNANCE CODES BALANCE SHEET COMPANY INSIDER TRADING REGULATION SECURITIES GOVERNANCE SHAREHOLDERS INSURANCE LIMITED LIABILITY COMPANY GOVERNANCE REGULATIONS TRADE INTERESTS STATE COMPANIES LAW SECURITY STOCKS STOCK EXCHANGE HUMAN RESOURCES SHARE ORGANIZATION INTERNAL AUDIT EQUALITY LIMITED LIABILITY COMPANIES FINANCE CORPORATION INTERNAL CONTROL BANKING VOTING REGULATORS INDIVIDUALS STAKEHOLDER SHARE CAPITAL LAW GOVERNANCE PRINCIPLES LEGAL REQUIREMENTS RISK MANAGEMENT CAPITAL EXPENDITURES INDEPENDENT DIRECTOR JOINT STOCK COMPANIES SHAREHOLDER AUDIT PERSONS SECURITIES LAW LIMITED LIABILITY INTERNATIONAL MARKETS RISK MANAGEMENT COMMITTEE CORPORATE ASSETS INTERNATIONAL BEST PRACTICE CORPORATE GOVERNANCE As the importance of Corporate Governance increases, an awareness and understanding of the different relevant regulations becomes of paramount value. The importance and value of Corporate Governance is not the core of this publication. The publication is built around the premise that Corporate Governance is important and increasingly becoming of significant importance for growth, continued success and sustainability. Accordingly, this publication aims to identify, highlight and summarize the different codes of Corporate Governance along with other relevant regulations that impact Corporate Governance that are available in Jordan. The authors intend to address the different codes with respect to the principles of Corporate Governance as defined by the Organization of Economic Cooperation and Development (OECD); namely: ensuring the basis for an effective Corporate Governance framework; the rights of shareholders and key ownership functions; the equitable treatment of shareholders; the role of stakeholders in Corporate Governance; disclosure and transparency; and the responsibilities of the Board. This comparative study will provide an overview of how each code (or relevant regulation) addresses the different principles and to what extent. Since certain Corporate Governance practices tend to overlap across different principles and cover broad practices, we have found that it would be best in this study to provide a detailed assessment of different practices and requirements based on different dimensions. The dimensions the authors use are those defined based on best practices as identified by the International Finance Corporation (IFC) as follows: commitment to Corporate Governance; board functioning; management control environment; disclosure and transparency; and shareholder and stakeholder relations. 2015-06-24T22:37:53Z 2015-06-24T22:37:53Z 2013-06-09 Working Paper http://documents.worldbank.org/curated/en/2015/06/24606836/jordan-corporate-governance-regulations-comparative-study http://hdl.handle.net/10986/22060 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ International Finance Corporation World Bank Group, Washington, DC Publications & Research Publications & Research :: Working Paper Middle East and North Africa Jordan