From Companies to Markets : Global Developments in Corporate Governance
Good corporate governance is a basic element for healthy companies and a key to sustainable private sector development. Strong governance fundamentals contribute to better management and more effective boards, leading to enhanced operational effici...
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| Format: | Report |
| Language: | English |
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International Finance Corporation, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/260541503552820094/From-Companies-to-Markets-Global-Developments-in-Corporate-Governance http://hdl.handle.net/10986/31759 |
| Summary: | Good corporate governance is a basic
element for healthy companies and a key to sustainable
private sector development. Strong governance fundamentals
contribute to better management and more effective boards,
leading to enhanced operational efficiency, reduced risk,
improved decision making, and increased valuations, among
other business benefits. This publication represents a
unique collaborative effort to assess the state of corporate
governance around the world in the wake of the 2008 global
financial crisis. It draws on the expertise of the IFC
Corporate Governance Private Sector Advisory Group and other
practitioners in this important field, providing a
fascinating and detailed accounting of the range of changes
that have taken place in the past few years as the corporate
governance agenda has been elevated. The report highlights
notable improvements in board practices, control
environment, shareholder protection, and transparency and
disclosure. It also points to progress on more effective
application, monitoring, and enforcement of corporate
governance codes. Importantly, the publication identifies
future directions where more work is needed, such as
increased commitment at the national level to prioritize the
corporate governance agenda. Specifically, Part A discusses
developments from global or regional groups involved in
corporate governance. Part B addresses developments in
corporate governance practice, and Part C looks at
developments in corporate governance codes and standards. |
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