Corporate Governance Scorecard 2009 : Baseline Report
During the past decade, the Vietnamese securities market has made large strides and secured a firm position as a channel for mid-term and long-term capital mobilization for national economic development. However, the management and regulations of a...
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| Format: | Working Paper |
| Language: | English en_US |
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International Finance Corporation, Washington, D.C.
2017
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| Online Access: | http://documents.worldbank.org/curated/en/530891495093336069/Corporate-governance-scorecard-2009 http://hdl.handle.net/10986/28083 |
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okr-10986-280832021-04-23T14:04:43Z Corporate Governance Scorecard 2009 : Baseline Report International Finance Corporation Global Corporate Governance Forum State Securities Commission of Vietnam SCORECARD ASSESSMENT DATA COLLECTION CORPORATE GOVERNANCE PERFORMANCE AND PROFITABILITY PERFORMANCE BY INDUSTRY PERFORMANCE BY FIRM SIZE PERFORMANCE AND BOARD SIZE PROPORTION OF NON-EXECUTIVE DIRECTORS PERFORMANCE BY EXCHANGE TOP 10 COMPANIES RIGHTS OF SHAREHOLDERS ROLE OF STAKEHOLDERS DISCLOSURE AND TRANSPARENCY CORPORATE GOVERNANCE PRACTICES During the past decade, the Vietnamese securities market has made large strides and secured a firm position as a channel for mid-term and long-term capital mobilization for national economic development. However, the management and regulations of an emerging securities market have posed numerous challenges to the national securities regulator - the State Securities Commission (SSC). In its role to establish, regulate, and supervise the securities market applying international corporate governance (CG) standards and best practices, the SSC has taken the initiative in obtaining assistance from international organizations to help establish more transparent and efficient securities market operations. Therefore, the SSC and International Finance Corporation (IFC) are partners in several initiatives to improve CG in Vietnam. The development of the Vietnam CG scorecard and the associated scorecard report is part of this wider CG project to assist the regulator to enhance the application of international CG standards and practices. This initial survey of CG practices in Vietnam is the baseline review of CG in Vietnam. It encompasses a survey of some 100 companies listed on the Hanoi and the Ho Chi Minh stock exchanges, which together represent more than 90 percent of the combined market capitalization of these exchanges. The scorecard report is expected to: provide a standardized, systematic framework by which regulators and investors may assess the CG of a company and the overall level of CG in Vietnam; enable a company to assess the quality of its CG and to stimulate companies to enhance their practices; provide a systematic way to analyze CG across industries to assist improvements in CG practices; assist regulatory groups to identify strengths and weaknesses in CG regulations and practices, leading to further reforms; and be available to support the raising of awareness and understanding of good CG practices. The scorecard is a tool that regulators, companies, investors, and the marketplace can use to focus on CG and it will provide a common metric and language on CG in Vietnam. It opens up opportunities for dialogue on CG and allows for Vietnamese institutions to take appropriate steps to address the CG issues highlighted by the findings of the report. 2017-08-29T20:07:44Z 2017-08-29T20:07:44Z 2010 Working Paper http://documents.worldbank.org/curated/en/530891495093336069/Corporate-governance-scorecard-2009 http://hdl.handle.net/10986/28083 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo International Finance Corporation International Finance Corporation, Washington, D.C. Economic & Sector Work :: Corporate Governance Assessment Economic & Sector Work East Asia and Pacific Vietnam |
| 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 |
SCORECARD ASSESSMENT DATA COLLECTION CORPORATE GOVERNANCE PERFORMANCE AND PROFITABILITY PERFORMANCE BY INDUSTRY PERFORMANCE BY FIRM SIZE PERFORMANCE AND BOARD SIZE PROPORTION OF NON-EXECUTIVE DIRECTORS PERFORMANCE BY EXCHANGE TOP 10 COMPANIES RIGHTS OF SHAREHOLDERS ROLE OF STAKEHOLDERS DISCLOSURE AND TRANSPARENCY CORPORATE GOVERNANCE PRACTICES |
| spellingShingle |
SCORECARD ASSESSMENT DATA COLLECTION CORPORATE GOVERNANCE PERFORMANCE AND PROFITABILITY PERFORMANCE BY INDUSTRY PERFORMANCE BY FIRM SIZE PERFORMANCE AND BOARD SIZE PROPORTION OF NON-EXECUTIVE DIRECTORS PERFORMANCE BY EXCHANGE TOP 10 COMPANIES RIGHTS OF SHAREHOLDERS ROLE OF STAKEHOLDERS DISCLOSURE AND TRANSPARENCY CORPORATE GOVERNANCE PRACTICES International Finance Corporation Global Corporate Governance Forum State Securities Commission of Vietnam Corporate Governance Scorecard 2009 : Baseline Report |
| geographic_facet |
East Asia and Pacific Vietnam |
| description |
During the past decade, the Vietnamese
securities market has made large strides and secured a firm
position as a channel for mid-term and long-term capital
mobilization for national economic development. However, the
management and regulations of an emerging securities market
have posed numerous challenges to the national securities
regulator - the State Securities Commission (SSC). In its
role to establish, regulate, and supervise the securities
market applying international corporate governance (CG)
standards and best practices, the SSC has taken the
initiative in obtaining assistance from international
organizations to help establish more transparent and
efficient securities market operations. Therefore, the SSC
and International Finance Corporation (IFC) are partners in
several initiatives to improve CG in Vietnam. The
development of the Vietnam CG scorecard and the associated
scorecard report is part of this wider CG project to assist
the regulator to enhance the application of international CG
standards and practices. This initial survey of CG practices
in Vietnam is the baseline review of CG in Vietnam. It
encompasses a survey of some 100 companies listed on the
Hanoi and the Ho Chi Minh stock exchanges, which together
represent more than 90 percent of the combined market
capitalization of these exchanges. The scorecard report is
expected to: provide a standardized, systematic framework by
which regulators and investors may assess the CG of a
company and the overall level of CG in Vietnam; enable a
company to assess the quality of its CG and to stimulate
companies to enhance their practices; provide a systematic
way to analyze CG across industries to assist improvements
in CG practices; assist regulatory groups to identify
strengths and weaknesses in CG regulations and practices,
leading to further reforms; and be available to support the
raising of awareness and understanding of good CG practices.
The scorecard is a tool that regulators, companies,
investors, and the marketplace can use to focus on CG and it
will provide a common metric and language on CG in Vietnam.
It opens up opportunities for dialogue on CG and allows for
Vietnamese institutions to take appropriate steps to address
the CG issues highlighted by the findings of the report. |
| format |
Working Paper |
| author |
International Finance Corporation Global Corporate Governance Forum State Securities Commission of Vietnam |
| author_facet |
International Finance Corporation Global Corporate Governance Forum State Securities Commission of Vietnam |
| author_sort |
International Finance Corporation |
| title |
Corporate Governance Scorecard 2009 : Baseline Report |
| title_short |
Corporate Governance Scorecard 2009 : Baseline Report |
| title_full |
Corporate Governance Scorecard 2009 : Baseline Report |
| title_fullStr |
Corporate Governance Scorecard 2009 : Baseline Report |
| title_full_unstemmed |
Corporate Governance Scorecard 2009 : Baseline Report |
| title_sort |
corporate governance scorecard 2009 : baseline report |
| publisher |
International Finance Corporation, Washington, D.C. |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/530891495093336069/Corporate-governance-scorecard-2009 http://hdl.handle.net/10986/28083 |
| _version_ |
1764464757655470080 |