Corporate Governance Country Assessment : Azerbaijan

This report assesses Azerbaijan's corporate governance framework-its laws and regulations, enforcement and common business practices. The report notes recent improvements in corporate governance regulation, makes recommendations of policy and institutional strengthening, and provides a benchmark against which to measure corporate governance in Azerbaijan. Note that the report covers only publicly-traded companies, although many of the recommendations may also be applicable to closely-held companies and state-owned enterprises. The report identifies three steps for improvement of corporate governance in Azerbaijan. They are: 1. Institution building, including strengthening of enforcement and independence of the Statistical Common Services; 2. Legal reform, specifically taking stock of recent legal changes and assuring their smooth interaction and functioning; and 3. Focus on several key areas for enforcement: related party transactions; reporting and transparency, including ownership disclosure and annual reporting; supervisory boards and other company governance organs; continued enforcement of bank corporate governance rules; and awareness raising.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2005-07
Subjects:	ACCOUNTANT, ACCOUNTING, ACCOUNTING RULES, ACCOUNTING STANDARDS, AUCTION, AUDIT COMMITTEE, AUDIT STANDARD, AUDIT STANDARDS, BAILIFF, BALANCE SHEET, BANK MANAGEMENT, BANK REGULATION, BANKING SECTOR, BANKING SECTORS, BANKRUPTCY, BANKRUPTCY PROCEDURES, BENEFICIARIES, BENEFICIARY, BID, BONDS, BOOK VALUE, BROKER, BROKERAGE, BROKERS, BUSINESS OPPORTUNITIES, BUSINESS OPPORTUNITY, BUSINESS PRACTICES, BUY BACK, CAPITAL MARKET, CAPITAL MARKET DEVELOPMENT, CAPITAL MARKETS, CAPITAL STRUCTURES, CENTRAL DEPOSITORY, CIVIL CODE, CIVIL LAW, CLASS ACTION, COLLATERAL, COLLECTION PROCEDURES, COMMERCIAL BANKS, COMMERCIAL REGISTRIES, COMMERCIAL REGISTRY, COMMON SHARES, COMPANY INFORMATION, CONFLICT OF INTEREST, CONFLICTS OF INTEREST, CONSUMER PROTECTION, CONTROLLING SHAREHOLDERS, CORPORATE CHARTERS, CORPORATE GOVERNANCE, CORPORATE GOVERNANCE FRAMEWORK, CORPORATE GOVERNANCE FRAMEWORKS, CORPORATE GOVERNANCE REFORM, CORPORATE GOVERNANCE REFORMS, CORPORATE GOVERNANCE STANDARDS, CORPORATE INFORMATION, CORPORATE SOCIAL RESPONSIBILITY, COST OF CAPITAL, CREDIT INFORMATION, CREDITOR, CREDITOR RIGHTS, CREDITORS, DEBT, DEBT COLLECTION, DEBTOR, DEBTORS, DEPOSITORY SERVICES, DERIVATIVE, DISCLOSURE REQUIREMENTS, DIVIDEND, DIVIDEND PAYMENTS, DIVIDENDS, ECONOMIC DEVELOPMENT, ECONOMIC PERFORMANCE, EFFICIENT MARKETS, EMERGING MARKET, EMERGING MARKET COUNTRIES, EQUITY INVESTMENT, EQUITY MARKET, EQUITY MARKETS, EXCHANGE MARKET, FINANCIAL COMPANIES, FINANCIAL CRISES, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL SECTOR, FINANCIAL STATEMENTS, FOREIGN INSTITUTIONAL INVESTORS, FOREIGN INVESTMENT, FOREIGN INVESTOR, FOREIGN INVESTORS, FOREIGN OWNERSHIP, GOOD CORPORATE GOVERNANCE, GOVERNANCE ISSUES, GOVERNANCE PRACTICES, GOVERNANCE REGULATION, GOVERNANCE REGULATIONS, GOVERNANCE STANDARDS, HOLDINGS, INCOME, INFORMATION TECHNOLOGY, INSIDER TRADING, INSTITUTION BUILDING, INSTITUTIONAL CAPACITY, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANIES, INTERNAL AUDIT, INTERNAL CONTROL, INTERNATIONAL BANK, INTERNATIONAL STANDARDS, INVESTMENT FUNDS, INVESTOR CONFIDENCE, INVESTOR INTEREST, INVESTOR PROTECTION, ISSUANCE, JOINT-STOCK COMPANY, JURISDICTION, LARGE COMPANIES, LEGAL FRAMEWORK, LEGAL PROVISIONS, LEGAL REFORM, LEGAL REGIME, LEGAL RIGHTS, LIMITED, LIMITED LIABILITY, LIMITED LIABILITY COMPANIES, LIQUIDATION, LIQUIDATIONS, LIQUIDITY, LOCAL BUSINESS, MARKET CAPITALIZATION, MARKET PARTICIPANT, MARKET PARTICIPANTS, MARKET PRICE, MARKET PRICES, MARKET SURVEILLANCE, MARKET-MAKERS, MINIMUM CAPITAL REQUIREMENTS, MINORITY SHAREHOLDERS, MONETARY FUND, MUTUAL FUNDS, NATIONAL BANK, NATIONAL DEPOSITORY, NATIONAL DEPOSITORY SYSTEM, NOTARIES, NOTARY, OPEN JOINT-STOCK COMPANIES, OWNERSHIP DATA, OWNERSHIP RIGHTS, PAYMENT OF DIVIDENDS, PENSION, PENSION FUNDS, PENSIONS, PLEDGES, PORTFOLIO, PORTFOLIO INVESTMENT, PREEMPTIVE RIGHTS, PRIVATE PENSION, PRIVATE REGISTRIES, PRIVATE REGISTRY, PRIVATIZATION, PROPERTY RIGHTS, PROPORTIONAL REPRESENTATION, PROTECTION OF INVESTOR, PUBLIC POLICY, REAL ESTATE, REGULATOR, REGULATORS, REGULATORY FRAMEWORK, REGULATORY REGIME, REGULATORY REQUIREMENTS, RETIREMENT SAVINGS, RETURN, RIGHTS OF SHAREHOLDERS, RISK FACTORS, RULE OF LAW, SECURITIES, SECURITIES ISSUERS, SECURITIES ISSUES, SECURITIES MARKET, SECURITIES MARKET DEVELOPMENT, SECURITIES MARKETS, SECURITIES REGULATOR, SECURITY MARKET, SETTLEMENT, SETTLEMENT SERVICES, SHARE DIVIDEND, SHARE OWNERSHIP, SHARE TRADING, SHAREHOLDER, SHAREHOLDER MEETINGS, SHAREHOLDER RIGHTS, SHAREHOLDERS, STAKEHOLDERS, STOCK EXCHANGE, STOCK EXCHANGES, STOCK MARKET, STOCK OPTION, STRATEGIC INVESTORS, SUPERVISORY BOARD, SUPERVISORY BOARDS, TAX, TECHNICAL ASSISTANCE, TRADE INFORMATION, TRADE UNIONS, TRADES, TRADING, TRANSACTION, TRANSACTION COSTS, TRANSITION COUNTRIES, TRANSPARENCY, TREASURY, WEAK CORPORATE GOVERNANCE, WITHDRAWAL,
Online Access:	http://documents.worldbank.org/curated/en/2005/07/20220671/azerbaijan-report-observance-standards-codes-rosc-corporate-governance-country-assessment https://hdl.handle.net/10986/20450
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