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 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.

Bibliographic Details

Main Author:	World Bank
Format:	Corporate Governance Assessment (ROSC) biblioteca
Language:	English en_US
Published:	Washington, DC 2004-03-01
Subjects:	ACCOUNTABILITY, AUDIT COMMITTEES, AUTHORITY, AUTHORIZATION, AUTHORIZED CAPITAL, BALANCE SHEET, BALANCE SHEETS, BANKRUPTCY, BOARD MEMBERS, BOARD OF DIRECTORS, CAPITAL INCREASE, CAPITAL INCREASES, CAPITAL MARKET, CAPITAL MARKET AUTHORITY, CAPITAL MARKET LAW, CAPITAL MARKETS, CASH FLOW, CENTRAL BANK, CLASSES OF SHARES, COMMON SHARES, COMPANY, COMPANY LAW, CONFLICTS OF INTEREST, CORPORATE CONTROL, CORPORATE GOVERNANCE, CORPORATION, CORPORATIONS, DECREE, DECREES, DEGREE OF CONTROL, DISCLOSURE, DISCLOSURE REQUIREMENTS, DISCLOSURE RULES, DISTRIBUTION OF DIVIDENDS, DUE DILIGENCE, ENVIRONMENTAL LAW, EXECUTIVE DIRECTORS, EXECUTIVE REGULATIONS, FINANCIAL INFORMATION, FINANCIAL SITUATION, FINANCIAL STATEMENTS, FIRMS, FOREIGN SHAREHOLDERS, FOREIGN TRADE, GROUP OF SHAREHOLDERS, HOLDING COMPANIES, INSIDER INFORMATION, INSIDER TRADING, INSOLVENCY, INSOLVENCY REGIME, INSTITUTIONAL FRAMEWORK, INSTITUTIONAL INVESTORS, INTERNATIONAL FINANCE, INVESTMENT CLIMATE, INVESTMENT FUNDS, JOINT STOCK, JOINT STOCK COMPANIES, LEGAL FRAMEWORK, LEGAL PERSONS, LEGAL PROBLEMS, LEGISLATIVE REFORM, LICENSING, LIQUIDATION, LISTED COMPANIES, MARKET PRICES, MERGERS, MIDDLE EAST, MINORITY BLOCK, MINORITY SHAREHOLDER, MINORITY SHAREHOLDERS, MUTUAL FUNDS, NATIONAL CONSENSUS, OWNERSHIP STRUCTURE, PORTFOLIO, PORTFOLIO MANAGERS, PRIVATE SECTOR, PUBLIC ENTERPRISE, PUBLIC INTEREST, PUBLIC POLICY, PUBLIC SECTOR, REGULATORY BODY, REGULATORY FRAMEWORK, REPURCHASES, RESTRICTIONS ON SHARE TRANSFERS, SALE OF ASSETS, SHARE CAPITAL, SHARE OWNERSHIP, SHARE PRICE, SHAREHOLDER MEETING, SHAREHOLDER MEETINGS, SHAREHOLDERS, STAKEHOLDERS, STATE OWNERSHIP, STATEMENT, STATEMENTS, STOCK EXCHANGE, TAX EXEMPTION, TENDERS, TOTAL MARKET CAPITALIZATION, TRADERS, TRANSPARENCY, VETO, VOTING,
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
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