Corporate Governance Scorecards : Assessing and Promoting the Implementation of Codes of Corporate Governance

This is a supplement to second IFC's toolkit: developing Corporate Governance codes of best practice. The focus of second toolkit is the development of codes of corporate governance. This supplement focuses narrowly on how to use scorecards to measure the observance and implementation of such codes. It does not cover the full panoply of governance assessment tools. This supplement provides practical guidance and a step-by step approach on how to develop a corporate governance scorecard. It also presents different approaches to scorings based on the experience of different scorecard users in different countries. This supplement is not intended to be a full manuscript of all the available tools or assessment techniques but more a guidance on various possible uses and applications of scorecards It is, however, intended to cover most of the issues that might confront any institution, regulator, stock exchange, and so on, that has in mind to develop a scorecard and to provide some practical guidance on how to approach those issues. This supplement provides practical guidance and a step-by step approach on how to develop a corporate governance scorecard. It also presents different approaches to scorings based on the experience of different scorecard users in different countries. The supplement also shows how scorecards are adapted to local circumstances and the local corporate governance framework.

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Bibliographic Details
Main Author: International Finance Corporation
Language:English
en_US
Published: Washington, DC 2014-10
Subjects:ACCOUNTABILITY, ASSET MANAGEMENT, AUDIT COMMITTEES, AUDITING, AUDITORS, AUTONOMY, BANK CREDIT, BANK LENDING, BANK OPERATIONS, BANKING INDUSTRY, BANKING LAW, BANKING REGULATION, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BOARD MEETINGS, BOARD MEMBERS, BUSINESS ASSOCIATION, BUSINESS ASSOCIATIONS, BUSINESS CLIMATE, BUSINESS COMMUNITY, BUSINESS ETHICS, BUSINESS PRACTICES, CAPITAL MARKET, CAPITAL MARKETS, CENTRAL BANK, CENTRAL BANKS, CEOS, CHAMBER OF COMMERCE, CHIEF EXECUTIVE, CIVIL SOCIETY, CIVIL SOCIETY ORGANIZATIONS, COMPANY, COMPANY LAW, CONFEDERATION, CONSENSUS, CONSULTATIVE PROCESS, CORPORATE BEHAVIOR, CORPORATE GOVERNANCE, CORPORATE GOVERNANCE CODE, CORPORATE GOVERNANCE CODES, CORPORATE GOVERNANCE FRAMEWORK, CORPORATE GOVERNANCE PRINCIPLES, CORPORATE GOVERNANCE REFORM, CORPORATE GOVERNANCE STANDARDS, CORPORATE LAWYERS, CORPORATE PERFORMANCE, CORPORATE SOCIAL RESPONSIBILITY, CORRESPONDENT BANKS, COST OF EQUITY, CREATION OF INSTITUTIONS, DECISION MAKERS, DECISION MAKING, DEVELOPING COUNTRIES, DEVELOPMENT FINANCE, DISCLOSURE, DISCLOSURE REQUIREMENT, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC INCENTIVES, ECONOMIC RIGHTS, EFFICIENT CAPITAL, EFFICIENT CAPITAL MARKETS, EMERGING MARKETS, ENFORCEMENT POWERS, ENVIRONMENTAL ANALYSIS, EQUITY CAPITAL, EQUITY MARKET, EQUITY MARKETS, EXCHANGE COMMISSION, FAMILY BUSINESSES, FAMILY FIRMS, FINANCE CORPORATION, FINANCIAL ANALYSIS, FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS, FINANCIAL PERFORMANCE, FINANCIAL REQUIREMENTS, FINANCIAL SERVICES, FOREIGN BANKS, FOREIGN PORTFOLIO, FOREIGN PORTFOLIO INVESTMENT, FUND MANAGERS, GLOBAL CORPORATE GOVERNANCE, GLOBAL STANDARDS, GOOD CORPORATE GOVERNANCE, GOOD GOVERNANCE, GOVERNANCE CHALLENGE, GOVERNANCE CHALLENGES, GOVERNANCE ENVIRONMENT, GOVERNANCE ISSUES, GOVERNANCE PERFORMANCE, GOVERNANCE PRACTICES, GOVERNANCE RATINGS, GOVERNANCE REFORM, GOVERNANCE REFORMS, GOVERNANCE SYSTEMS, GOVERNMENT INSTITUTIONS, HUMAN RESOURCES, INDIVIDUALS, INFORMATION TECHNOLOGY, INSURANCE, INTERNAL AUDIT, INTERNAL AUDIT FUNCTION, INTERNAL CONTROL, INTERNAL CONTROLS, INTERNATIONAL BEST PRACTICE, INTERNATIONAL CORPORATE GOVERNANCE, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL INVESTORS, LACK OF OWNERSHIP, LAWS, LEGAL PROVISIONS, LEGAL REQUIREMENTS, LEGAL SYSTEM, LEGISLATION, LEGITIMACY, LIMITED, LOCAL BANKS, LOCAL BUSINESS, LOCAL CAPACITY BUILDING, LOCAL CORPORATE GOVERNANCE, LOCAL GOVERNANCE, LOCAL INSTITUTION, LOCAL INSTITUTIONS, MINISTERS, MINISTRY OF FINANCE, MINORITY SHAREHOLDER, MINORITY SHAREHOLDER PROTECTION, NATIONAL ECONOMY, NATIONS, OPERATIONAL RISK, OWNERSHIP STRUCTURES, POLITICAL INFLUENCE, PRIVATE ENTERPRISES, PRIVATE EQUITY, PRIVATE SECTOR INVESTORS, PROTECTION OF MINORITY SHAREHOLDERS, PUBLIC COMPANIES, REGIONAL INTEGRATION, REGULATOR, REGULATORS, REGULATORY AUTHORITY, REGULATORY COMPLIANCE, REGULATORY FRAMEWORK, REPRESENTATIVES, REPUTATION, RIGHT OF SHAREHOLDERS, RIGHTS OF SHAREHOLDERS, RISK MANAGEMENT, SECURITIES, SECURITIES EXCHANGE, SECURITIES LAW, SECURITIES REGULATOR, SECURITIES REGULATORS, SHARE TRADING, SHAREHOLDER, SHAREHOLDER RIGHTS, SHAREHOLDERS, SHAREHOLDERS RIGHTS, SMALLER COMPANIES, SOCIAL POLICY, SOCIETIES, STAKEHOLDER, STAKEHOLDER MANAGEMENT, STAKEHOLDERS, STATE-OWNED ENTERPRISES, STOCK EXCHANGE, STOCK EXCHANGES, STOCK MARKET, SUBSIDIARY, SUSTAINABLE DEVELOPMENT, TRADE ASSOCIATIONS, TRANSITION ECONOMIES, TRANSPARENCY, UNION, UNIVERSITIES, VIRTUOUS CYCLE, WORLD ECONOMY,
Online Access:http://documents.worldbank.org/curated/en/2014/01/20289115/corporate-governance-scorecards-assessing-promoting-implementation-codes-corporate-governance- -supplement-second-toolkit-developing-corporate-governance-codes-best-practice
https://hdl.handle.net/10986/20676
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Summary:This is a supplement to second IFC's toolkit: developing Corporate Governance codes of best practice. The focus of second toolkit is the development of codes of corporate governance. This supplement focuses narrowly on how to use scorecards to measure the observance and implementation of such codes. It does not cover the full panoply of governance assessment tools. This supplement provides practical guidance and a step-by step approach on how to develop a corporate governance scorecard. It also presents different approaches to scorings based on the experience of different scorecard users in different countries. This supplement is not intended to be a full manuscript of all the available tools or assessment techniques but more a guidance on various possible uses and applications of scorecards It is, however, intended to cover most of the issues that might confront any institution, regulator, stock exchange, and so on, that has in mind to develop a scorecard and to provide some practical guidance on how to approach those issues. This supplement provides practical guidance and a step-by step approach on how to develop a corporate governance scorecard. It also presents different approaches to scorings based on the experience of different scorecard users in different countries. The supplement also shows how scorecards are adapted to local circumstances and the local corporate governance framework.