Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment

This report provides an assessment of Senegal'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 Senegal. The report identifies several key next steps that can be carried out in Senegal and that focus on implementation, including: (i) developing program to build awareness of the importance of corporate governance and to train directors in modern corporate governance principles; (ii) drafting a code of corporate governance; (iii) addressing governance weaknesses in the state-owned enterprises. A separate report reviews the special issues for the corporate governance of state-owned enterprises in Senegal; and (iv) revising the Organization for the Harmonization of Business Law in Africa (OHADA) uniform act for commercial companies (over the long term) to incorporate modern corporate governance principles.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2006-06
Subjects:	ACCESS TO CAPITAL, ACQUISITION, ACTIVE SECURITIES, ADMINISTRATIVE JUDGMENT, ARTICLES OF ASSOCIATION, ASSET MANAGERS, AUDIT COMMITTEE, AUDIT COMMITTEES, AUDITOR INDEPENDENCE, AUDITS, BALANCE SHEET, BANKS, BENEFICIAL OWNER, BENEFICIAL OWNERS, BOARD ELECTIONS, BOARD MEETING, BOARD MEETINGS, BOARD MEMBER, BOARD MEMBERS, BOARDS OF DIRECTORS, BOURSE, BREACH OF DUTY, BROKERAGE, BROKERAGE FIRM, BROKERAGE FIRMS, BUSINESS ENTITIES, BUSINESS ETHICS, BUSINESS LAWS, BUSINESS OPPORTUNITIES, CAPITAL MARKET, CAPITAL MARKET DEVELOPMENT, CAPITAL MARKETS, CAPITAL STRUCTURES, CENTRAL BANK, CENTRAL DEPOSITORY, CEO, CHAMBER OF COMMERCE, CHARTER, CHARTERS, CIVIL LAW SYSTEMS, COMMERCIAL BANK, COMMERCIAL BANKS, COMMERCIAL LAWS, COMPANY, COMPANY INFORMATION, COMPANY LAW, CONFLICT OF INTEREST, CONFLICTS OF INTEREST, CONFLICTS OF INTERESTS, CONTINUOUS DISCLOSURE, CONTROLLING SHAREHOLDER, CONTROLLING SHAREHOLDERS, CORPORATE ASSETS, CORPORATE BOARD, CORPORATE BODIES, CORPORATE BONDS, CORPORATE CITIZENSHIP, CORPORATE GOVERNANCE, CORPORATE GOVERNANCE CODE, CORPORATE GOVERNANCE CODES, CORPORATE GOVERNANCE FRAMEWORK, CORPORATE GOVERNANCE FRAMEWORKS, CORPORATE GOVERNANCE PRINCIPLES, CORPORATE GOVERNANCE REFORM, CORPORATE GOVERNANCE REFORMS, CORPORATE SOCIAL RESPONSIBILITY, CORPORATION, CORPORATIONS, COST OF CAPITAL, DEBT, DISCLOSURE CONTROL, DISCLOSURE OBLIGATIONS, DISCLOSURE REQUIREMENTS, DISCLOSURE STANDARDS, DISSENTING SHAREHOLDERS, DISTRIBUTION OF DIVIDENDS, DIVIDEND, DIVIDEND PAYMENTS, DUE DILIGENCE, DUTY OF CARE, DUTY OF LOYALTY, ECONOMIC DEVELOPMENT, ECONOMIC PERFORMANCE, EFFICIENT MARKETS, EMERGING MARKET, EMERGING MARKET COUNTRIES, EMERGING MARKETS, EQUAL TREATMENT, EQUALITY, EQUITY MARKET, EQUITY MARKETS, FINANCES, FINANCIAL CRISES, FINANCIAL DISCLOSURE, FINANCIAL INSTITUTIONS, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL STATEMENTS, FOREIGN COMPANIES, FOREIGN EXCHANGE, FULL DISCLOSURE, GLOBAL CORPORATE GOVERNANCE, GOOD CORPORATE GOVERNANCE, GOVERNANCE ISSUES, GOVERNANCE PRACTICES, GOVERNANCE REGULATION, HARMONIZATION, INCOME, INDEPENDENT AUDIT, INDEPENDENT DIRECTORS, INDEPENDENT OVERSIGHT, INDIVIDUALS, INSIDER TRADING, INSTITUTIONAL INVESTORS, INSTITUTIONAL SHAREHOLDERS, INSURANCE, INTERNAL CONTROLS, INTERNATIONAL ACCOUNTING STANDARD, INVESTIGATION, INVESTING, INVESTOR CONFIDENCE, INVESTOR PROTECTION, JUDICIAL SYSTEM, JURISDICTION, LARGE COMPANIES, LEGAL ENTITIES, LEGAL ENVIRONMENT, LEGAL FRAMEWORK, LEGAL PERSONS, LEGAL SYSTEM, LEGAL SYSTEMS, LIMITED, LIQUIDATION, MAJORITY SHAREHOLDERS, MAJORITY VOTE, MANAGEMENT OVERSIGHT, MANAGERS, MARKET CAPITALIZATION, MARKET INFORMATION, MARKET INSTITUTIONS, MARKET MANIPULATION, MARKET PARTICIPANTS, MARKET SURVEILLANCE, MERGER, MERGERS, MINORITY SHAREHOLDERS, MONETARY FUND, NUMBER OF SHAREHOLDERS, OWNERSHIP RIGHTS, PENSION, PENSION FUNDS, POLITICAL CONSIDERATIONS, POLITICAL DISTURBANCES, PRIVATE COMPANIES, PRIVATE ENTITY, PRIVATIZATION, PROPERTY RIGHTS, PROPORTIONAL REPRESENTATION, PROXY, PUBLIC LIMITED COMPANIES, PUBLIC PENSION, PUBLIC POLICY, REFORM PROGRAMS, REGULATORS, REGULATORY AUTHORITY, REGULATORY BODY, REGULATORY FRAMEWORK, REGULATORY REQUIREMENTS, RETIREMENT SAVINGS, RIGHTS OF SHAREHOLDERS, SECURITIES LAW, SECURITIES MARKET, SECURITIES MARKETS, SECURITIES REGULATOR, SHARE CAPITAL, SHARE OWNERSHIP, SHARE PRICES, SHARE RIGHTS, SHAREHOLDER, SHAREHOLDER AGREEMENTS, SHAREHOLDER APPROVAL, SHAREHOLDER MEETING, SHAREHOLDER MEETINGS, SHAREHOLDER RESOLUTIONS, SHAREHOLDER RIGHTS, SHAREHOLDER VALUE, SHAREHOLDERS MEETING, STAKEHOLDER, STAKEHOLDERS, STAMP DUTY, STANDARD CONTRACT, STATE ENTERPRISES, STOCK EXCHANGE, STOCK EXCHANGES, SUBSIDIARIES, TAKEOVER, TENDER OFFER, TRADES, TRADING SYSTEM, TRANSACTION, TRANSACTION COSTS, TRANSPARENCY, TURNOVER, UNION, WEAK CORPORATE GOVERNANCE, WORLD DEVELOPMENT INDICATORS,
Online Access:	http://documents.worldbank.org/curated/en/2006/06/10038402/senegal-report-observance-standards-codes-rosc-corporate-governance-country-assessment https://hdl.handle.net/10986/8143
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