Corporate Governance Country Assessment : Egypt
This report provides an updated assessment of Egypt's corporate governance policy framework, enforcement and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides...
| Main Author: | |
|---|---|
| Format: | Corporate Governance Assessment (ROSC) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/03/6575316/egypt-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14549 |
| Summary: | This report provides an updated
assessment of Egypt'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 Egypt. In recent years there have
been a number of major reforms, mostly incorporated in new
stock exchange listing rules. However, experience in other
countries suggests that implementation and enforcement of
the rules remain central. The report identifies several key
next steps that focus on implementation, including (i)
building a Center for Directors that can help develop a Code
of Corporate Governance on the role, duties, and functions
of the board, and create a director training capability;
(ii) focused enforcement of the new listing rules and
disclosure provisions, with continued emphasis on a review
of content, and (iii) implementation of legislative reform
to bring the policy framework into greater compliance with
the OECD Principles. Together, these measures will help to
implement the recent reforms and provide new opportunities
for issuers to implement best practices. |
|---|