The Effectiveness of Boards of Directors of State Owned Enterprises in Developing Countries

This paper aims to shed some new light on the conditions needed to ensure the effectiveness of Boards of Directors of state owned enterprises with a focus on infrastructure sectors. In the case of developing countries, empirical studies have found...

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Bibliographic Details
Main Author:	Vagliasindi, Maria
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ADMINISTRATIVE CAPACITY ALLEGIANCE ARTICLE OF ASSOCIATION ARTICLES OF INCORPORATION AUDIT COMMITTEE AUDIT COMMITTEE INDEPENDENCE AUDIT COMMITTEES AUDITS AUTHORITY BANKRUPTCY BANKRUPTCY LAW BARGAINING POWER BOARD MEMBER BOARD MEMBERS BOARD MEMBERSHIP BOARDS OF DIRECTORS BONDS BUDGET DEFICIT BUSINESS DEVELOPMENT BUSINESS LAWYER CAPITAL EXPENDITURE CAPITAL MARKET CAPITAL MARKETS CEO CEOS CHARTERS CHIEF EXECUTIVE CHIEF FINANCIAL OFFICERS CIVIL CODE COMMON LAW COMPANIES ACT COMPANY COMPANY LAW COMPANY LAWS CONFLICT OF INTEREST CONFLICTS OF INTEREST CONTRACTUAL ARRANGEMENTS CONTROLLING SHAREHOLDER CORPORATE BOARD CORPORATE BOARDS CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE GOVERNANCE AFFECT CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE LAW CORPORATE GOVERNANCE REFORMS CORPORATE GOVERNANCE STANDARDS CORPORATE LAW CORPORATE LAW REFORMS CORPORATE PERFORMANCE CORPORATE SCANDALS CORPORATION CORPORATIONS COST OF CAPITAL CUSTOMER SERVICE DATA AVAILABILITY DECISION MAKING DECISION-MAKING DELAWARE DELEGATION OF POWERS DEVELOPING COUNTRIES DEVELOPING MARKETS DIRECTOR INDEPENDENCE DISCLOSURE DIVIDEND DIVIDEND POLICY DIVIDENDS DOMESTIC COMPANIES DUTY OF CARE DUTY OF LOYALTY ECONOMIC DEVELOPMENT EMERGING MARKETS EMPLOYMENT CONTRACTS ENTERPRISE REFORM EQUITY CAPITAL EQUITY MARKET EX POST FEDERAL SECURITIES FIDUCIARY DUTY FIDUCIARY RESPONSIBILITIES FINANCIAL AUTONOMY FINANCIAL CRISIS FINANCIAL DISCLOSURES FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL STATEMENT FINANCIAL STATEMENTS FIRM PERFORMANCE FIRM-LEVEL GOVERNANCE FISCAL BURDEN FISCAL POLICIES FOREIGN FIRMS GOOD GOVERNANCE GOVERNANCE ARRANGEMENTS GOVERNANCE GUIDELINES GOVERNANCE INDEXES GOVERNANCE PRACTICE GOVERNANCE PRACTICES GOVERNANCE RESPONSIBILITIES GOVERNANCE SYSTEM GOVERNMENT DEPARTMENT GOVERNMENT MINISTRIES GOVERNMENT'S BUDGET INCENTIVE COMPENSATION INCENTIVE PROBLEMS INCOME INCORPORATED INDEPENDENCE OF AUDIT COMMITTEES INDEPENDENT DIRECTOR INDEPENDENT DIRECTORS INDIVIDUALS INSIDE INFORMATION INSTITUTIONAL ENVIRONMENT INSTITUTIONAL FRAMEWORK INTERNAL CONTROLS INVESTMENT OPPORTUNITIES INVESTOR PROTECTION JOINT STOCK COMPANIES JOINT STOCK] COMPANIES LABOR UNIONS LARGE SHAREHOLDER LARGE SHAREHOLDERS LEGAL ENVIRONMENT LEGAL TRANSPLANTS LEGISLATION LEGISLATURE LEVELS OF GOVERNMENT LIMITED LITTLE ATTENTION LOCAL GOVERNMENTS MACROECONOMIC STABILITY MANAGERS MARGINAL COST MARKET STRUCTURES MINISTERS MINISTRY OF FINANCE MONOPOLY MORAL HAZARD NATIONS NON-GOVERNMENTAL ORGANIZATIONS OUTPUT OWNERSHIP CONCENTRATION OWNERSHIP STRUCTURE PERFORMANCE MEASURE PERFORMANCE MEASURES POLITICAL INTERFERENCE POLITICAL STABILITY POLITICIANS PORTFOLIOS PRICE DISTORTIONS PRINCIPAL-AGENT PRIVATE ENTERPRISES PRIVATE ENTITY PRIVATE PARTNERSHIPS PRIVATIZATION PROXY PUBLIC CORPORATION PUBLIC FUNDS PUBLIC OFFICIALS PUBLIC POLICY PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLICLY TRADED CORPORATIONS RATIONALIZATION REGULATOR REPRESENTATIVES REPUTATION REPUTATIONS REVENUE COLLECTION REVOLUTION RIGHT OF SHAREHOLDERS RISK MANAGEMENT SCANDAL SECURITIES LAWS SECURITIES MARKETS SECURITIES REGULATORS SEPARATION OF OWNERSHIP SHARE PRICE SHAREHOLDER SHAREHOLDER APPROVAL SHAREHOLDER INFLUENCE SHAREHOLDER INTERESTS SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDER WEALTH SHAREHOLDERS STAKEHOLDERS STATE AID STATE CORPORATE LAW STATE ENTERPRISES STATE-OWNED ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES STOCK OPTIONS STOCK PRICE SUCCESSOR COMPANIES SUCCESSOR ENTITIES SUSTAINABLE DEVELOPMENT TAXATION TRANSPARENCY TRANSPARENT PROCEDURES TREASURY TURNOVER TURNOVERS UNIVERSAL ACCESS URBAN DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/2008/03/9292611/effectiveness-boards-directors-state-owned-enterprises-developing-countries http://hdl.handle.net/10986/6508

Internet

http://documents.worldbank.org/curated/en/2008/03/9292611/effectiveness-boards-directors-state-owned-enterprises-developing-countries
http://hdl.handle.net/10986/6508

The Effectiveness of Boards of Directors of State Owned Enterprises in Developing Countries

Internet

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