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

This report assesses Poland's corporate governance policy framework, and its 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 gover...

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Bibliographic Details
Main Author:	World Bank
Format:	Corporate Governance Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCESS TO INFORMATION ACCOUNTABILITY ACCOUNTING STANDARDS ADMINISTRATIVE SANCTIONS AUDIT COMMITTEE AUDIT COMMITTEES BANKS BOARD MEMBERS BUSINESS ORGANIZATION CAPITAL MARKETS CASH FLOW CODE OF ETHICS COMMERCIAL BANKS COMMERCIAL CODE COMMERCIAL PARTNERSHIPS COMPANIES ACT COMPANY COMPANY LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONFLICTS OF INTERESTS CONSENSUS CONTROLLING SHAREHOLDERS CORPORATE FORMS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE PRINCIPLES CORPORATE GOVERNANCE REFORM CORPORATE GOVERNANCE REFORMS CORPORATE ORGANIZATION CORPORATE PERFORMANCE CORPORATIONS COST OF CAPITAL COUNCIL OF MINISTERS DECREES DISCLOSURE DISCLOSURE CONTROL DISCLOSURE REQUIREMENTS DOMESTIC COMPANIES DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ENFORCEABILITY ENFORCEMENT POWERS EQUITY MARKETS ETHICAL STANDARDS EXCHANGE COMMISSION FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL STATEMENTS FINANCIAL VULNERABILITY FIRMS FOREIGN INVESTMENT GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES INCORPORATED INDEPENDENCE REQUIREMENTS INDEPENDENT AUDIT INDEPENDENT AUDIT COMMITTEES INDEPENDENT DIRECTORS INSIDER TRADING INSTITUTIONAL INVESTORS INSTITUTIONAL SHAREHOLDERS INVESTIGATION INVESTMENT FUNDS INVESTOR PROTECTIONS JOINT STOCK COMPANIES JOINT STOCK COMPANY JOINT-STOCK COMPANY LEGAL FRAMEWORK LEGAL OBSTACLES LEGISLATION LEGISLATIVE SOLUTIONS LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIMITED LIABILITY COMPANY LISTED COMPANIES LITTLE ATTENTION MAJORITY VOTE MARKET CAPITALIZATION MARKET CONFIDENCE MINORITY SHAREHOLDER MINORITY SHAREHOLDERS OWNERSHIP CONCENTRATION OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PARTNERSHIP PRESIDENCY PRIVATE COMPANIES PRIVATE COMPANY PROPERTY RIGHTS PROXY PUBLIC COMPANIES PUBLIC COMPANY PUBLIC INFORMATION PUBLIC OFFERING PUBLIC OFFERINGS PUBLIC POLICY REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY REFORM REGULATORY REQUIREMENTS RIGHTS OF SHAREHOLDERS RULE OF LAW SECURITIES LAW SECURITIES LAWS SHARE CAPITAL SHAREHOLDER CONTROLS SHAREHOLDER MEETINGS SHAREHOLDER PROTECTION SHAREHOLDER RIGHTS STAKEHOLDER STAKEHOLDERS STATE OWNED ENTERPRISES STATE OWNERSHIP STATE-OWNED ENTERPRISES STOCK EXCHANGE STOCK EXCHANGES SUBSIDIARIES TAKEOVER TRANSPARENCY VOTING WEAK CORPORATE GOVERNANCE
Online Access:	http://documents.worldbank.org/curated/en/2005/06/7449481/poland-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/8763

Description
Summary:	This report assesses Poland's corporate governance policy framework, and its 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 Poland. The report updates the corporate governance ROSC carried out in 2001. Since the previous assessment, Poland has adopted new legislation, effectively promulgated a corporate governance code, and continued to develop strong regulatory and enforcement institutions. These improvements have resulted in a corporate governance framework that complies with many of the OECD Principles. The report identifies several potential problems and remedies, including: 1) insufficient regulation of the corporate governance activities of the pension funds; 2) weakness of the supervisory board; 3) problems in the delisting / squeeze-out process; and 4) insufficient approvals of related party transactions. This report also includes two detailed analyses of special policy topics: Annex 1 is an analysis of the Warsaw Stock Exchange Best Practices Code and options for compliance, and Annex 2 is an assessment of the corporate governance issues of state owned enterprises.

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

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