Corporate Governance : Success Stories in Europe and Central Asia
Emerging markets are becoming important engines of global growth. These markets, such as the transition economies in Europe and Central Asia, are viewed with increasing interest by foreign investors as private sector participation grows, as regulat...
| Main Author: | |
|---|---|
| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2015
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/06/24606692/corporate-governance-success-stories-europe-central-asia http://hdl.handle.net/10986/22061 |
| id |
okr-10986-22061 |
|---|---|
| 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 HOLDING COMPANY COMMON SHARE NONPROFIT ORGANIZATION BOARD MEMBERS CORPORATION LIQUIDATION CONFLICT OF INTEREST STOCK SHAREHOLDER RIGHTS CORPORATE GOVERNANCE INITIATIVE INSTITUTIONAL INVESTORS CORPORATE PERFORMANCE LTD. STOCK MARKET CHARTER INDEPENDENT DIRECTORS REGULATORY AGENCY BOARDS OF DIRECTORS COMPENSATION PACKAGE COMPANIES FINANCIAL STATEMENTS REGULATORY REFORMS COMPLIANCE PLAN JOINT VENTURES TAKEOVER GROUP OF SHAREHOLDERS ASSOCIATIONS SINGLE SHAREHOLDER AUDIT COMMITTEE CORPORATE GOVERNANCE SYSTEMS ACQUISITIONS REGULATORY AUTHORITIES STOCK COMPANY CORPORATE GOVERNANCE STANDARDS TARGET COMPANY STATES EQUAL TREATMENT GOVERNANCE SYSTEM CEO FINANCIAL INSTITUTION ACQUISITION PARTNERSHIPS OWNERSHIP STRUCTURES UNION PROXY FINANCIAL INSTITUTIONS TRUST ORGANIZATIONS BOARD MEMBER FAMILY BUSINESS COMPLIANCE OFFICERS BOARD MEETINGS HOSTILE TAKEOVER GOVERNANCE GUIDELINES STATE-OWNED COMPANY AGENCY COSTS CHIEF FINANCIAL OFFICER CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE CODE DIRECTORS BANKS MEMBER BOARD SHAREHOLDERS’ MEETINGS STOCK COMPANIES MANAGERS INVESTORS CORPORATE LAWS OWNERSHIP STRUCTURE STAKEHOLDER RELATIONSHIPS CORPORATIONS SUBSIDIARIES CORPORATE GOVERNANCE REFORMS INDEPENDENT OVERSIGHT BANK CONFLICTS OF INTEREST STAKEHOLDERS CHIEF EXECUTIVE PARTNERSHIP CORPORATE GOVERNANCE SYSTEM SHAREHOLDER VALUE ASSOCIATION COLLECTIVE FAMILY BUSINESSES FINANCIAL PERFORMANCE MINORITY SHAREHOLDER CASH FLOW STATEMENT COMMON SHARES CORPORATE GOVERNANCE PRINCIPLE GOVERNANCE SYSTEMS COMPANY MINORITY SHAREHOLDERS INSIDER TRADING INTERESTS OF MINORITY SHAREHOLDERS SUBSIDIARY PUBLIC COMPANY SHAREHOLDERS CORPORATE BOARD CONTROLLING SHAREHOLDERS MAJORITY SHAREHOLDER STATE MUNICIPALITY CORPORATE SOCIAL RESPONSIBILITY CORPORATE BANKING STOCK EXCHANGE INVESTMENT ORGANIZATION COMPLIANCE OFFICER DEBT OBLIGATIONS LEGAL ENTITY DIVIDEND PAYMENTS CORPORATE CITIZENSHIP GOOD CORPORATE GOVERNANCE INVESTOR RELATIONS SHAREHOLDER INTERESTS SHARE OPTIONS INDIVIDUALS STAKEHOLDER INTERNATIONAL GOVERNANCE STANDARDS SHARE OPTION GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE INITIATIVES DIVIDEND POLICIES SOCIETY INDEPENDENT DIRECTOR JOINT STOCK COMPANIES SHAREHOLDER PRIVATE COMPANIES SHAREHOLDER PROTECTIONS GOVERNANCE PRINCIPLE SHAREHOLDER RELATIONS JOINT STOCK COMPANY COOPERATIVE CORPORATE GOVERNANCE |
| spellingShingle |
LIMITED HOLDING COMPANY COMMON SHARE NONPROFIT ORGANIZATION BOARD MEMBERS CORPORATION LIQUIDATION CONFLICT OF INTEREST STOCK SHAREHOLDER RIGHTS CORPORATE GOVERNANCE INITIATIVE INSTITUTIONAL INVESTORS CORPORATE PERFORMANCE LTD. STOCK MARKET CHARTER INDEPENDENT DIRECTORS REGULATORY AGENCY BOARDS OF DIRECTORS COMPENSATION PACKAGE COMPANIES FINANCIAL STATEMENTS REGULATORY REFORMS COMPLIANCE PLAN JOINT VENTURES TAKEOVER GROUP OF SHAREHOLDERS ASSOCIATIONS SINGLE SHAREHOLDER AUDIT COMMITTEE CORPORATE GOVERNANCE SYSTEMS ACQUISITIONS REGULATORY AUTHORITIES STOCK COMPANY CORPORATE GOVERNANCE STANDARDS TARGET COMPANY STATES EQUAL TREATMENT GOVERNANCE SYSTEM CEO FINANCIAL INSTITUTION ACQUISITION PARTNERSHIPS OWNERSHIP STRUCTURES UNION PROXY FINANCIAL INSTITUTIONS TRUST ORGANIZATIONS BOARD MEMBER FAMILY BUSINESS COMPLIANCE OFFICERS BOARD MEETINGS HOSTILE TAKEOVER GOVERNANCE GUIDELINES STATE-OWNED COMPANY AGENCY COSTS CHIEF FINANCIAL OFFICER CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE CODE DIRECTORS BANKS MEMBER BOARD SHAREHOLDERS’ MEETINGS STOCK COMPANIES MANAGERS INVESTORS CORPORATE LAWS OWNERSHIP STRUCTURE STAKEHOLDER RELATIONSHIPS CORPORATIONS SUBSIDIARIES CORPORATE GOVERNANCE REFORMS INDEPENDENT OVERSIGHT BANK CONFLICTS OF INTEREST STAKEHOLDERS CHIEF EXECUTIVE PARTNERSHIP CORPORATE GOVERNANCE SYSTEM SHAREHOLDER VALUE ASSOCIATION COLLECTIVE FAMILY BUSINESSES FINANCIAL PERFORMANCE MINORITY SHAREHOLDER CASH FLOW STATEMENT COMMON SHARES CORPORATE GOVERNANCE PRINCIPLE GOVERNANCE SYSTEMS COMPANY MINORITY SHAREHOLDERS INSIDER TRADING INTERESTS OF MINORITY SHAREHOLDERS SUBSIDIARY PUBLIC COMPANY SHAREHOLDERS CORPORATE BOARD CONTROLLING SHAREHOLDERS MAJORITY SHAREHOLDER STATE MUNICIPALITY CORPORATE SOCIAL RESPONSIBILITY CORPORATE BANKING STOCK EXCHANGE INVESTMENT ORGANIZATION COMPLIANCE OFFICER DEBT OBLIGATIONS LEGAL ENTITY DIVIDEND PAYMENTS CORPORATE CITIZENSHIP GOOD CORPORATE GOVERNANCE INVESTOR RELATIONS SHAREHOLDER INTERESTS SHARE OPTIONS INDIVIDUALS STAKEHOLDER INTERNATIONAL GOVERNANCE STANDARDS SHARE OPTION GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE INITIATIVES DIVIDEND POLICIES SOCIETY INDEPENDENT DIRECTOR JOINT STOCK COMPANIES SHAREHOLDER PRIVATE COMPANIES SHAREHOLDER PROTECTIONS GOVERNANCE PRINCIPLE SHAREHOLDER RELATIONS JOINT STOCK COMPANY COOPERATIVE CORPORATE GOVERNANCE International Finance Corporation Corporate Governance : Success Stories in Europe and Central Asia |
| geographic_facet |
Europe and Central Asia |
| description |
Emerging markets are becoming important
engines of global growth. These markets, such as the
transition economies in Europe and Central Asia, are viewed
with increasing interest by foreign investors as private
sector participation grows, as regulatory reforms take
effect, and as individual firms focus on elevating their
business practices to align with international standards. In
fact, foreign direct investment inflows to transition
economies increased by 28 percent to reach $108 billion in
2013, according to the United Nations Conference on Trade
and Development. Sound corporate governance is a critical
element in helping these emerging markets meets their full
economic potential. Good corporate governance, defined as
the structures and processes by which companies and banks
are directed and controlled, helps firms operate more
efficiently, improves access to capital, mitigates risk, and
safeguards against mismanagement. Good governance also
facilitates appropriate consideration of other critical
issues for enterprises, including environmental and social
responsibility. It is the foundation for long-term business
growth and sustainability, adding value for investors and
contributing lasting dividends for economies. Companies and
banks, particularly those in emerging markets that are
focused on improving their corporate governance can look to
a growing body of evidence that such efforts matter,
yielding bottom line benefits, reputational enhancements,
and competitive differentiation. In one study of note, the
Emerging Market Investor Survey, 100 percent of the
investors interviewed said they will pay a higher premium
for good governance in an emerging market firm than what
they would pay for a similar firm in a developed market. As
companies and banks in Europe and Central Asia find their
place on the world’s economic stage, efforts to enhance
governance practices are helping them reduce their business
risks, improve performance, and set the course for long-term
success and profitability. |
| format |
Working Paper |
| author |
International Finance Corporation |
| author_facet |
International Finance Corporation |
| author_sort |
International Finance Corporation |
| title |
Corporate Governance : Success Stories in Europe and Central Asia |
| title_short |
Corporate Governance : Success Stories in Europe and Central Asia |
| title_full |
Corporate Governance : Success Stories in Europe and Central Asia |
| title_fullStr |
Corporate Governance : Success Stories in Europe and Central Asia |
| title_full_unstemmed |
Corporate Governance : Success Stories in Europe and Central Asia |
| title_sort |
corporate governance : success stories in europe and central asia |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/06/24606692/corporate-governance-success-stories-europe-central-asia http://hdl.handle.net/10986/22061 |
| _version_ |
1764450069628583936 |
| spelling |
okr-10986-220612021-04-23T14:04:06Z Corporate Governance : Success Stories in Europe and Central Asia International Finance Corporation LIMITED HOLDING COMPANY COMMON SHARE NONPROFIT ORGANIZATION BOARD MEMBERS CORPORATION LIQUIDATION CONFLICT OF INTEREST STOCK SHAREHOLDER RIGHTS CORPORATE GOVERNANCE INITIATIVE INSTITUTIONAL INVESTORS CORPORATE PERFORMANCE LTD. STOCK MARKET CHARTER INDEPENDENT DIRECTORS REGULATORY AGENCY BOARDS OF DIRECTORS COMPENSATION PACKAGE COMPANIES FINANCIAL STATEMENTS REGULATORY REFORMS COMPLIANCE PLAN JOINT VENTURES TAKEOVER GROUP OF SHAREHOLDERS ASSOCIATIONS SINGLE SHAREHOLDER AUDIT COMMITTEE CORPORATE GOVERNANCE SYSTEMS ACQUISITIONS REGULATORY AUTHORITIES STOCK COMPANY CORPORATE GOVERNANCE STANDARDS TARGET COMPANY STATES EQUAL TREATMENT GOVERNANCE SYSTEM CEO FINANCIAL INSTITUTION ACQUISITION PARTNERSHIPS OWNERSHIP STRUCTURES UNION PROXY FINANCIAL INSTITUTIONS TRUST ORGANIZATIONS BOARD MEMBER FAMILY BUSINESS COMPLIANCE OFFICERS BOARD MEETINGS HOSTILE TAKEOVER GOVERNANCE GUIDELINES STATE-OWNED COMPANY AGENCY COSTS CHIEF FINANCIAL OFFICER CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE CODE DIRECTORS BANKS MEMBER BOARD SHAREHOLDERS’ MEETINGS STOCK COMPANIES MANAGERS INVESTORS CORPORATE LAWS OWNERSHIP STRUCTURE STAKEHOLDER RELATIONSHIPS CORPORATIONS SUBSIDIARIES CORPORATE GOVERNANCE REFORMS INDEPENDENT OVERSIGHT BANK CONFLICTS OF INTEREST STAKEHOLDERS CHIEF EXECUTIVE PARTNERSHIP CORPORATE GOVERNANCE SYSTEM SHAREHOLDER VALUE ASSOCIATION COLLECTIVE FAMILY BUSINESSES FINANCIAL PERFORMANCE MINORITY SHAREHOLDER CASH FLOW STATEMENT COMMON SHARES CORPORATE GOVERNANCE PRINCIPLE GOVERNANCE SYSTEMS COMPANY MINORITY SHAREHOLDERS INSIDER TRADING INTERESTS OF MINORITY SHAREHOLDERS SUBSIDIARY PUBLIC COMPANY SHAREHOLDERS CORPORATE BOARD CONTROLLING SHAREHOLDERS MAJORITY SHAREHOLDER STATE MUNICIPALITY CORPORATE SOCIAL RESPONSIBILITY CORPORATE BANKING STOCK EXCHANGE INVESTMENT ORGANIZATION COMPLIANCE OFFICER DEBT OBLIGATIONS LEGAL ENTITY DIVIDEND PAYMENTS CORPORATE CITIZENSHIP GOOD CORPORATE GOVERNANCE INVESTOR RELATIONS SHAREHOLDER INTERESTS SHARE OPTIONS INDIVIDUALS STAKEHOLDER INTERNATIONAL GOVERNANCE STANDARDS SHARE OPTION GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE INITIATIVES DIVIDEND POLICIES SOCIETY INDEPENDENT DIRECTOR JOINT STOCK COMPANIES SHAREHOLDER PRIVATE COMPANIES SHAREHOLDER PROTECTIONS GOVERNANCE PRINCIPLE SHAREHOLDER RELATIONS JOINT STOCK COMPANY COOPERATIVE CORPORATE GOVERNANCE Emerging markets are becoming important engines of global growth. These markets, such as the transition economies in Europe and Central Asia, are viewed with increasing interest by foreign investors as private sector participation grows, as regulatory reforms take effect, and as individual firms focus on elevating their business practices to align with international standards. In fact, foreign direct investment inflows to transition economies increased by 28 percent to reach $108 billion in 2013, according to the United Nations Conference on Trade and Development. Sound corporate governance is a critical element in helping these emerging markets meets their full economic potential. Good corporate governance, defined as the structures and processes by which companies and banks are directed and controlled, helps firms operate more efficiently, improves access to capital, mitigates risk, and safeguards against mismanagement. Good governance also facilitates appropriate consideration of other critical issues for enterprises, including environmental and social responsibility. It is the foundation for long-term business growth and sustainability, adding value for investors and contributing lasting dividends for economies. Companies and banks, particularly those in emerging markets that are focused on improving their corporate governance can look to a growing body of evidence that such efforts matter, yielding bottom line benefits, reputational enhancements, and competitive differentiation. In one study of note, the Emerging Market Investor Survey, 100 percent of the investors interviewed said they will pay a higher premium for good governance in an emerging market firm than what they would pay for a similar firm in a developed market. As companies and banks in Europe and Central Asia find their place on the world’s economic stage, efforts to enhance governance practices are helping them reduce their business risks, improve performance, and set the course for long-term success and profitability. 2015-06-25T14:45:56Z 2015-06-25T14:45:56Z 2015-04 Working Paper http://documents.worldbank.org/curated/en/2015/06/24606692/corporate-governance-success-stories-europe-central-asia http://hdl.handle.net/10986/22061 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ International Finance Corporation Washington, DC Publications & Research Publications & Research :: Working Paper Europe and Central Asia |