Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment

This report provides an assessment of Senegal's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corp...

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Main Author:	World Bank
Format:	Corporate Governance Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCESS TO CAPITAL ACQUISITION ACTIVE SECURITIES ADMINISTRATIVE JUDGMENT ARTICLES OF ASSOCIATION ASSET MANAGERS AUDIT COMMITTEE AUDIT COMMITTEES AUDITOR INDEPENDENCE AUDITS BALANCE SHEET BANKS BENEFICIAL OWNER BENEFICIAL OWNERS BOARD ELECTIONS BOARD MEETING BOARD MEETINGS BOARD MEMBER BOARD MEMBERS BOARDS OF DIRECTORS BOURSE BREACH OF DUTY BROKERAGE BROKERAGE FIRM BROKERAGE FIRMS BUSINESS ENTITIES BUSINESS ETHICS BUSINESS LAWS BUSINESS OPPORTUNITIES CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL STRUCTURES CENTRAL BANK CENTRAL DEPOSITORY CEO CHAMBER OF COMMERCE CHARTER CHARTERS CIVIL LAW SYSTEMS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LAWS COMPANY COMPANY INFORMATION COMPANY LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONFLICTS OF INTERESTS CONTINUOUS DISCLOSURE CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE ASSETS CORPORATE BOARD CORPORATE BODIES CORPORATE BONDS CORPORATE CITIZENSHIP CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE FRAMEWORKS CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE REFORM CORPORATE GOVERNANCE REFORMS CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORPORATIONS COST OF CAPITAL DEBT DISCLOSURE CONTROL DISCLOSURE OBLIGATIONS DISCLOSURE REQUIREMENTS DISCLOSURE STANDARDS DISSENTING SHAREHOLDERS DISTRIBUTION OF DIVIDENDS DIVIDEND DIVIDEND PAYMENTS DUE DILIGENCE DUTY OF CARE DUTY OF LOYALTY ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EFFICIENT MARKETS EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EQUAL TREATMENT EQUALITY EQUITY MARKET EQUITY MARKETS FINANCES FINANCIAL CRISES FINANCIAL DISCLOSURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL STATEMENTS FOREIGN COMPANIES FOREIGN EXCHANGE FULL DISCLOSURE GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE REGULATION HARMONIZATION INCOME INDEPENDENT AUDIT INDEPENDENT DIRECTORS INDEPENDENT OVERSIGHT INDIVIDUALS INSIDER TRADING INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDERS INSURANCE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARD INVESTIGATION INVESTING INVESTOR CONFIDENCE INVESTOR PROTECTION JUDICIAL SYSTEM JURISDICTION LARGE COMPANIES LEGAL ENTITIES LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PERSONS LEGAL SYSTEM LEGAL SYSTEMS LIMITED LIQUIDATION MAJORITY SHAREHOLDERS MAJORITY VOTE MANAGEMENT OVERSIGHT MANAGERS MARKET CAPITALIZATION MARKET INFORMATION MARKET INSTITUTIONS MARKET MANIPULATION MARKET PARTICIPANTS MARKET SURVEILLANCE MERGER MERGERS MINORITY SHAREHOLDERS MONETARY FUND NUMBER OF SHAREHOLDERS OWNERSHIP RIGHTS PENSION PENSION FUNDS POLITICAL CONSIDERATIONS POLITICAL DISTURBANCES PRIVATE COMPANIES PRIVATE ENTITY PRIVATIZATION PROPERTY RIGHTS PROPORTIONAL REPRESENTATION PROXY PUBLIC LIMITED COMPANIES PUBLIC PENSION PUBLIC POLICY REFORM PROGRAMS REGULATORS REGULATORY AUTHORITY REGULATORY BODY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RETIREMENT SAVINGS RIGHTS OF SHAREHOLDERS SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATOR SHARE CAPITAL SHARE OWNERSHIP SHARE PRICES SHARE RIGHTS SHAREHOLDER SHAREHOLDER AGREEMENTS SHAREHOLDER APPROVAL SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDERS MEETING STAKEHOLDER STAKEHOLDERS STAMP DUTY STANDARD CONTRACT STATE ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES SUBSIDIARIES TAKEOVER TENDER OFFER TRADES TRADING SYSTEM TRANSACTION TRANSACTION COSTS TRANSPARENCY TURNOVER UNION WEAK CORPORATE GOVERNANCE WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2006/06/10038402/senegal-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/8143

id	okr-10986-8143
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	ACCESS TO CAPITAL ACQUISITION ACTIVE SECURITIES ADMINISTRATIVE JUDGMENT ARTICLES OF ASSOCIATION ASSET MANAGERS AUDIT COMMITTEE AUDIT COMMITTEES AUDITOR INDEPENDENCE AUDITS BALANCE SHEET BANKS BENEFICIAL OWNER BENEFICIAL OWNERS BOARD ELECTIONS BOARD MEETING BOARD MEETINGS BOARD MEMBER BOARD MEMBERS BOARDS OF DIRECTORS BOURSE BREACH OF DUTY BROKERAGE BROKERAGE FIRM BROKERAGE FIRMS BUSINESS ENTITIES BUSINESS ETHICS BUSINESS LAWS BUSINESS OPPORTUNITIES CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL STRUCTURES CENTRAL BANK CENTRAL DEPOSITORY CEO CHAMBER OF COMMERCE CHARTER CHARTERS CIVIL LAW SYSTEMS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LAWS COMPANY COMPANY INFORMATION COMPANY LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONFLICTS OF INTERESTS CONTINUOUS DISCLOSURE CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE ASSETS CORPORATE BOARD CORPORATE BODIES CORPORATE BONDS CORPORATE CITIZENSHIP CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE FRAMEWORKS CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE REFORM CORPORATE GOVERNANCE REFORMS CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORPORATIONS COST OF CAPITAL DEBT DISCLOSURE CONTROL DISCLOSURE OBLIGATIONS DISCLOSURE REQUIREMENTS DISCLOSURE STANDARDS DISSENTING SHAREHOLDERS DISTRIBUTION OF DIVIDENDS DIVIDEND DIVIDEND PAYMENTS DUE DILIGENCE DUTY OF CARE DUTY OF LOYALTY ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EFFICIENT MARKETS EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EQUAL TREATMENT EQUALITY EQUITY MARKET EQUITY MARKETS FINANCES FINANCIAL CRISES FINANCIAL DISCLOSURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL STATEMENTS FOREIGN COMPANIES FOREIGN EXCHANGE FULL DISCLOSURE GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE REGULATION HARMONIZATION INCOME INDEPENDENT AUDIT INDEPENDENT DIRECTORS INDEPENDENT OVERSIGHT INDIVIDUALS INSIDER TRADING INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDERS INSURANCE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARD INVESTIGATION INVESTING INVESTOR CONFIDENCE INVESTOR PROTECTION JUDICIAL SYSTEM JURISDICTION LARGE COMPANIES LEGAL ENTITIES LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PERSONS LEGAL SYSTEM LEGAL SYSTEMS LIMITED LIQUIDATION MAJORITY SHAREHOLDERS MAJORITY VOTE MANAGEMENT OVERSIGHT MANAGERS MARKET CAPITALIZATION MARKET INFORMATION MARKET INSTITUTIONS MARKET MANIPULATION MARKET PARTICIPANTS MARKET SURVEILLANCE MERGER MERGERS MINORITY SHAREHOLDERS MONETARY FUND NUMBER OF SHAREHOLDERS OWNERSHIP RIGHTS PENSION PENSION FUNDS POLITICAL CONSIDERATIONS POLITICAL DISTURBANCES PRIVATE COMPANIES PRIVATE ENTITY PRIVATIZATION PROPERTY RIGHTS PROPORTIONAL REPRESENTATION PROXY PUBLIC LIMITED COMPANIES PUBLIC PENSION PUBLIC POLICY REFORM PROGRAMS REGULATORS REGULATORY AUTHORITY REGULATORY BODY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RETIREMENT SAVINGS RIGHTS OF SHAREHOLDERS SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATOR SHARE CAPITAL SHARE OWNERSHIP SHARE PRICES SHARE RIGHTS SHAREHOLDER SHAREHOLDER AGREEMENTS SHAREHOLDER APPROVAL SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDERS MEETING STAKEHOLDER STAKEHOLDERS STAMP DUTY STANDARD CONTRACT STATE ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES SUBSIDIARIES TAKEOVER TENDER OFFER TRADES TRADING SYSTEM TRANSACTION TRANSACTION COSTS TRANSPARENCY TURNOVER UNION WEAK CORPORATE GOVERNANCE WORLD DEVELOPMENT INDICATORS
spellingShingle	ACCESS TO CAPITAL ACQUISITION ACTIVE SECURITIES ADMINISTRATIVE JUDGMENT ARTICLES OF ASSOCIATION ASSET MANAGERS AUDIT COMMITTEE AUDIT COMMITTEES AUDITOR INDEPENDENCE AUDITS BALANCE SHEET BANKS BENEFICIAL OWNER BENEFICIAL OWNERS BOARD ELECTIONS BOARD MEETING BOARD MEETINGS BOARD MEMBER BOARD MEMBERS BOARDS OF DIRECTORS BOURSE BREACH OF DUTY BROKERAGE BROKERAGE FIRM BROKERAGE FIRMS BUSINESS ENTITIES BUSINESS ETHICS BUSINESS LAWS BUSINESS OPPORTUNITIES CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL STRUCTURES CENTRAL BANK CENTRAL DEPOSITORY CEO CHAMBER OF COMMERCE CHARTER CHARTERS CIVIL LAW SYSTEMS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LAWS COMPANY COMPANY INFORMATION COMPANY LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONFLICTS OF INTERESTS CONTINUOUS DISCLOSURE CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE ASSETS CORPORATE BOARD CORPORATE BODIES CORPORATE BONDS CORPORATE CITIZENSHIP CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE FRAMEWORKS CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE REFORM CORPORATE GOVERNANCE REFORMS CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORPORATIONS COST OF CAPITAL DEBT DISCLOSURE CONTROL DISCLOSURE OBLIGATIONS DISCLOSURE REQUIREMENTS DISCLOSURE STANDARDS DISSENTING SHAREHOLDERS DISTRIBUTION OF DIVIDENDS DIVIDEND DIVIDEND PAYMENTS DUE DILIGENCE DUTY OF CARE DUTY OF LOYALTY ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EFFICIENT MARKETS EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EQUAL TREATMENT EQUALITY EQUITY MARKET EQUITY MARKETS FINANCES FINANCIAL CRISES FINANCIAL DISCLOSURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL STATEMENTS FOREIGN COMPANIES FOREIGN EXCHANGE FULL DISCLOSURE GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE REGULATION HARMONIZATION INCOME INDEPENDENT AUDIT INDEPENDENT DIRECTORS INDEPENDENT OVERSIGHT INDIVIDUALS INSIDER TRADING INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDERS INSURANCE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARD INVESTIGATION INVESTING INVESTOR CONFIDENCE INVESTOR PROTECTION JUDICIAL SYSTEM JURISDICTION LARGE COMPANIES LEGAL ENTITIES LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PERSONS LEGAL SYSTEM LEGAL SYSTEMS LIMITED LIQUIDATION MAJORITY SHAREHOLDERS MAJORITY VOTE MANAGEMENT OVERSIGHT MANAGERS MARKET CAPITALIZATION MARKET INFORMATION MARKET INSTITUTIONS MARKET MANIPULATION MARKET PARTICIPANTS MARKET SURVEILLANCE MERGER MERGERS MINORITY SHAREHOLDERS MONETARY FUND NUMBER OF SHAREHOLDERS OWNERSHIP RIGHTS PENSION PENSION FUNDS POLITICAL CONSIDERATIONS POLITICAL DISTURBANCES PRIVATE COMPANIES PRIVATE ENTITY PRIVATIZATION PROPERTY RIGHTS PROPORTIONAL REPRESENTATION PROXY PUBLIC LIMITED COMPANIES PUBLIC PENSION PUBLIC POLICY REFORM PROGRAMS REGULATORS REGULATORY AUTHORITY REGULATORY BODY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RETIREMENT SAVINGS RIGHTS OF SHAREHOLDERS SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATOR SHARE CAPITAL SHARE OWNERSHIP SHARE PRICES SHARE RIGHTS SHAREHOLDER SHAREHOLDER AGREEMENTS SHAREHOLDER APPROVAL SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDERS MEETING STAKEHOLDER STAKEHOLDERS STAMP DUTY STANDARD CONTRACT STATE ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES SUBSIDIARIES TAKEOVER TENDER OFFER TRADES TRADING SYSTEM TRANSACTION TRANSACTION COSTS TRANSPARENCY TURNOVER UNION WEAK CORPORATE GOVERNANCE WORLD DEVELOPMENT INDICATORS World Bank Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
geographic_facet	Africa West Africa Sahel Sub-Saharan Africa Senegal
description	This report provides an assessment of Senegal's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Senegal. The report identifies several key next steps that can be carried out in Senegal and that focus on implementation, including: (i) developing program to build awareness of the importance of corporate governance and to train directors in modern corporate governance principles; (ii) drafting a code of corporate governance; (iii) addressing governance weaknesses in the state-owned enterprises. A separate report reviews the special issues for the corporate governance of state-owned enterprises in Senegal; and (iv) revising the Organization for the Harmonization of Business Law in Africa (OHADA) uniform act for commercial companies (over the long term) to incorporate modern corporate governance principles.
format	Economic & Sector Work :: Corporate Governance Assessment (ROSC)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_short	Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_full	Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_fullStr	Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_full_unstemmed	Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_sort	senegal : report on the observance of standards and codes (rosc) : corporate governance country assessment
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/06/10038402/senegal-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/8143
_version_	1764404608659095552
spelling	okr-10986-81432021-04-23T14:02:38Z Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment World Bank ACCESS TO CAPITAL ACQUISITION ACTIVE SECURITIES ADMINISTRATIVE JUDGMENT ARTICLES OF ASSOCIATION ASSET MANAGERS AUDIT COMMITTEE AUDIT COMMITTEES AUDITOR INDEPENDENCE AUDITS BALANCE SHEET BANKS BENEFICIAL OWNER BENEFICIAL OWNERS BOARD ELECTIONS BOARD MEETING BOARD MEETINGS BOARD MEMBER BOARD MEMBERS BOARDS OF DIRECTORS BOURSE BREACH OF DUTY BROKERAGE BROKERAGE FIRM BROKERAGE FIRMS BUSINESS ENTITIES BUSINESS ETHICS BUSINESS LAWS BUSINESS OPPORTUNITIES CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL STRUCTURES CENTRAL BANK CENTRAL DEPOSITORY CEO CHAMBER OF COMMERCE CHARTER CHARTERS CIVIL LAW SYSTEMS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LAWS COMPANY COMPANY INFORMATION COMPANY LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONFLICTS OF INTERESTS CONTINUOUS DISCLOSURE CONTROLLING SHAREHOLDER CONTROLLING SHAREHOLDERS CORPORATE ASSETS CORPORATE BOARD CORPORATE BODIES CORPORATE BONDS CORPORATE CITIZENSHIP CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE FRAMEWORKS CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE REFORM CORPORATE GOVERNANCE REFORMS CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORPORATIONS COST OF CAPITAL DEBT DISCLOSURE CONTROL DISCLOSURE OBLIGATIONS DISCLOSURE REQUIREMENTS DISCLOSURE STANDARDS DISSENTING SHAREHOLDERS DISTRIBUTION OF DIVIDENDS DIVIDEND DIVIDEND PAYMENTS DUE DILIGENCE DUTY OF CARE DUTY OF LOYALTY ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EFFICIENT MARKETS EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EQUAL TREATMENT EQUALITY EQUITY MARKET EQUITY MARKETS FINANCES FINANCIAL CRISES FINANCIAL DISCLOSURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL STATEMENTS FOREIGN COMPANIES FOREIGN EXCHANGE FULL DISCLOSURE GLOBAL CORPORATE GOVERNANCE GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE REGULATION HARMONIZATION INCOME INDEPENDENT AUDIT INDEPENDENT DIRECTORS INDEPENDENT OVERSIGHT INDIVIDUALS INSIDER TRADING INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDERS INSURANCE INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARD INVESTIGATION INVESTING INVESTOR CONFIDENCE INVESTOR PROTECTION JUDICIAL SYSTEM JURISDICTION LARGE COMPANIES LEGAL ENTITIES LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PERSONS LEGAL SYSTEM LEGAL SYSTEMS LIMITED LIQUIDATION MAJORITY SHAREHOLDERS MAJORITY VOTE MANAGEMENT OVERSIGHT MANAGERS MARKET CAPITALIZATION MARKET INFORMATION MARKET INSTITUTIONS MARKET MANIPULATION MARKET PARTICIPANTS MARKET SURVEILLANCE MERGER MERGERS MINORITY SHAREHOLDERS MONETARY FUND NUMBER OF SHAREHOLDERS OWNERSHIP RIGHTS PENSION PENSION FUNDS POLITICAL CONSIDERATIONS POLITICAL DISTURBANCES PRIVATE COMPANIES PRIVATE ENTITY PRIVATIZATION PROPERTY RIGHTS PROPORTIONAL REPRESENTATION PROXY PUBLIC LIMITED COMPANIES PUBLIC PENSION PUBLIC POLICY REFORM PROGRAMS REGULATORS REGULATORY AUTHORITY REGULATORY BODY REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RETIREMENT SAVINGS RIGHTS OF SHAREHOLDERS SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATOR SHARE CAPITAL SHARE OWNERSHIP SHARE PRICES SHARE RIGHTS SHAREHOLDER SHAREHOLDER AGREEMENTS SHAREHOLDER APPROVAL SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDER RESOLUTIONS SHAREHOLDER RIGHTS SHAREHOLDER VALUE SHAREHOLDERS MEETING STAKEHOLDER STAKEHOLDERS STAMP DUTY STANDARD CONTRACT STATE ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES SUBSIDIARIES TAKEOVER TENDER OFFER TRADES TRADING SYSTEM TRANSACTION TRANSACTION COSTS TRANSPARENCY TURNOVER UNION WEAK CORPORATE GOVERNANCE WORLD DEVELOPMENT INDICATORS This report provides an assessment of Senegal's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Senegal. The report identifies several key next steps that can be carried out in Senegal and that focus on implementation, including: (i) developing program to build awareness of the importance of corporate governance and to train directors in modern corporate governance principles; (ii) drafting a code of corporate governance; (iii) addressing governance weaknesses in the state-owned enterprises. A separate report reviews the special issues for the corporate governance of state-owned enterprises in Senegal; and (iv) revising the Organization for the Harmonization of Business Law in Africa (OHADA) uniform act for commercial companies (over the long term) to incorporate modern corporate governance principles. 2012-06-15T13:46:31Z 2012-06-15T13:46:31Z 2006-06 http://documents.worldbank.org/curated/en/2006/06/10038402/senegal-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/8143 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Corporate Governance Assessment (ROSC) Economic & Sector Work Africa West Africa Sahel Sub-Saharan Africa Senegal

Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment

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