Corporate Governance
Emerging markets are becoming important
engines of global growth. These markets, such as the
transition economies in Europe and Central Asia, are viewed
with increasing interest by foreign investors as private
sector participation grows, as regulatory reforms take
effect, and as individual firms focus on elevating their
business practices to align with international standards. In
fact, foreign direct investment inflows to transition
economies increased by 28 percent to reach $108 billion in
2013, according to the United Nations Conference on Trade
and Development. Sound corporate governance is a critical
element in helping these emerging markets meets their full
economic potential. Good corporate governance, defined as
the structures and processes by which companies and banks
are directed and controlled, helps firms operate more
efficiently, improves access to capital, mitigates risk, and
safeguards against mismanagement. Good governance also
facilitates appropriate consideration of other critical
issues for enterprises, including environmental and social
responsibility. It is the foundation for long-term business
growth and sustainability, adding value for investors and
contributing lasting dividends for economies. Companies and
banks, particularly those in emerging markets that are
focused on improving their corporate governance can look to
a growing body of evidence that such efforts matter,
yielding bottom line benefits, reputational enhancements,
and competitive differentiation. In one study of note, the
Emerging Market Investor Survey, 100 percent of the
investors interviewed said they will pay a higher premium
for good governance in an emerging market firm than what
they would pay for a similar firm in a developed market. As
companies and banks in Europe and Central Asia find their
place on the world’s economic stage, efforts to enhance
governance practices are helping them reduce their business
risks, improve performance, and set the course for long-term
success and profitability.
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Bibliographic Details
| Main Author: |
International Finance Corporation |
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| Format: | Working Paper
biblioteca
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| Language: | English
en_US |
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| Published: |
Washington, DC
2015-04
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| Subjects: | LIMITED,
HOLDING COMPANY,
COMMON SHARE,
NONPROFIT ORGANIZATION,
BOARD MEMBERS,
CORPORATION,
LIQUIDATION,
CONFLICT OF INTEREST,
STOCK,
SHAREHOLDER RIGHTS,
CORPORATE GOVERNANCE INITIATIVE,
INSTITUTIONAL INVESTORS,
CORPORATE PERFORMANCE,
LTD.,
STOCK MARKET,
CHARTER,
INDEPENDENT DIRECTORS,
REGULATORY AGENCY,
BOARDS OF DIRECTORS,
COMPENSATION PACKAGE,
COMPANIES,
FINANCIAL STATEMENTS,
REGULATORY REFORMS,
COMPLIANCE PLAN,
JOINT VENTURES,
TAKEOVER,
GROUP OF SHAREHOLDERS,
ASSOCIATIONS,
SINGLE SHAREHOLDER,
AUDIT COMMITTEE,
CORPORATE GOVERNANCE SYSTEMS,
ACQUISITIONS,
REGULATORY AUTHORITIES,
STOCK COMPANY,
CORPORATE GOVERNANCE STANDARDS,
TARGET COMPANY,
STATES,
EQUAL TREATMENT,
GOVERNANCE SYSTEM,
CEO,
FINANCIAL INSTITUTION,
ACQUISITION,
PARTNERSHIPS,
OWNERSHIP STRUCTURES,
UNION,
PROXY,
FINANCIAL INSTITUTIONS,
TRUST,
ORGANIZATIONS,
BOARD MEMBER,
FAMILY BUSINESS,
COMPLIANCE OFFICERS,
BOARD MEETINGS,
HOSTILE TAKEOVER,
GOVERNANCE GUIDELINES,
STATE-OWNED COMPANY,
AGENCY COSTS,
CHIEF FINANCIAL OFFICER,
CORPORATE GOVERNANCE PRINCIPLES,
CORPORATE GOVERNANCE CODE,
DIRECTORS,
BANKS,
MEMBER BOARD,
SHAREHOLDERS’ MEETINGS,
STOCK COMPANIES,
MANAGERS,
INVESTORS,
CORPORATE LAWS,
OWNERSHIP STRUCTURE,
STAKEHOLDER RELATIONSHIPS,
CORPORATIONS,
SUBSIDIARIES,
CORPORATE GOVERNANCE REFORMS,
INDEPENDENT OVERSIGHT,
BANK,
CONFLICTS OF INTEREST,
STAKEHOLDERS,
CHIEF EXECUTIVE,
PARTNERSHIP,
CORPORATE GOVERNANCE SYSTEM,
SHAREHOLDER VALUE,
ASSOCIATION,
COLLECTIVE,
FAMILY BUSINESSES,
FINANCIAL PERFORMANCE,
MINORITY SHAREHOLDER,
CASH FLOW STATEMENT,
COMMON SHARES,
CORPORATE GOVERNANCE PRINCIPLE,
GOVERNANCE SYSTEMS,
COMPANY,
MINORITY SHAREHOLDERS,
INSIDER TRADING,
INTERESTS OF MINORITY SHAREHOLDERS,
SUBSIDIARY,
PUBLIC COMPANY,
SHAREHOLDERS,
CORPORATE BOARD,
CONTROLLING SHAREHOLDERS,
MAJORITY SHAREHOLDER,
STATE,
MUNICIPALITY,
CORPORATE SOCIAL RESPONSIBILITY,
CORPORATE BANKING,
STOCK EXCHANGE,
INVESTMENT,
ORGANIZATION,
COMPLIANCE OFFICER,
DEBT OBLIGATIONS,
LEGAL ENTITY,
DIVIDEND PAYMENTS,
CORPORATE CITIZENSHIP,
GOOD CORPORATE GOVERNANCE,
INVESTOR RELATIONS,
SHAREHOLDER INTERESTS,
SHARE OPTIONS,
INDIVIDUALS,
STAKEHOLDER,
INTERNATIONAL GOVERNANCE STANDARDS,
SHARE OPTION,
GOVERNANCE PRINCIPLES,
CORPORATE GOVERNANCE INITIATIVES,
DIVIDEND POLICIES,
SOCIETY,
INDEPENDENT DIRECTOR,
JOINT STOCK COMPANIES,
SHAREHOLDER,
PRIVATE COMPANIES,
SHAREHOLDER PROTECTIONS,
GOVERNANCE PRINCIPLE,
SHAREHOLDER RELATIONS,
JOINT STOCK COMPANY,
COOPERATIVE,
CORPORATE GOVERNANCE, |
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| Online Access: | http://documents.worldbank.org/curated/en/2015/06/24606692/corporate-governance-success-stories-europe-central-asia
https://hdl.handle.net/10986/22061
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