From Companies to Markets--Global Developments in Corporate Governance

In May 2015, the IFC Corporate Governance Group called together 40 experts in the field and members of the IFC Corporate Governance Private Sector Advisory Group. These participants explored key changes in international corporate governance standards and codes of best practice in the wake of the recent global financial crisis and how these changes have helped draw corporate attention to sustainability issues. The group found that many issues that became evident regarding banks in the financial crisis, and led to changes in the governance of banks, also have flowed through into broader corporate governance developments. This publication arises from the issues and information from these discussions. Specifically, part A discusses developments from global or regional groups involved in corporate governance. Part B addresses developments in corporate governance practice, and part C looks at developments in corporate governance codes and standards.

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Bibliographic Details
Main Author: International Finance Corporation
Format: Report biblioteca
Language:English
en_US
Published: Washington, DC 2016-04
Subjects:RISK MANAGEMENT SYSTEMS, DECISION-MAKING PROCESSES, PUBLIC OFFICIALS, FINANCIAL SERVICES, CAPITAL MARKETS, REGULATORY FRAMEWORK, DISCLOSURE OF INFORMATION, INTERNAL AUDIT FUNCTION, INTERNATIONAL CORPORATE GOVERNANCE, OPERATIONAL EFFICIENCY, RISK MANAGEMENT PRACTICES, SHAREHOLDER RIGHTS, INTEREST, FINANCIAL RESULTS, INSTITUTIONAL INVESTORS, DECISION-MAKING PROCESS, LACK OF CLARITY, PUBLIC SECTOR, REGULATORY REGIME, GOVERNMENT, GOVERNANCE PRACTICE, NATIONS, EXCHANGE, STOCK MARKET, RESPONSIBILITY, TRANSPARENCY INITIATIVE, RESOURCE ALLOCATION, GOOD GOVERNANCE, REGULATOR, FORMAL STANDARDS, FINANCIAL STATEMENTS, SHAREHOLDER PROTECTION, CONFEDERATION, NATIONAL GOVERNMENTS, AUTHORITIES, CORRUPTION, SUSTAINABLE DEVELOPMENT, AUDIT STRATEGY, NATIONAL LEVEL, DISCLOSURE, INDEPENDENCE, INFORMATION SYSTEMS, OVERSIGHT, REGULATORY AUTHORITY, GOVERNANCE DIMENSION, MINISTERS, AUDITS, CORPORATE GOVERNANCE STANDARDS, JURISDICTIONS, INTERNATIONAL FINANCE, PUBLIC POLICY, STATES, STATE OWNERSHIP, SOCIAL RISKS, EXECUTION, MARKET DEVELOPMENT, SECURITIES MARKET, AUTHORITY, OWNERSHIP STRUCTURES, GOVERNANCE MONITORING, COMPLEX RISK, REGULATORY SYSTEM, GLOBAL INVESTOR, FINANCIAL INSTITUTIONS, LEGISLATION, REPRESENTATIVES, FINANCIAL SYSTEM, LEGAL FRAMEWORK, ALLOCATION OF RESOURCES, INVESTORS, HUMAN CAPITAL, LEGISLATIVE PROCESSES, REGULATORY FRAMEWORKS, CORPORATE RESPONSIBILITY, ACCOUNTABILITY, MEMBER STATES, TRANSPARENCY, MARKET CAPITALIZATION, FINANCIAL CRISIS, COMPROMISE, FUTURE, STATE-OWNED ENTERPRISES, CORPORATE GOVERNANCE SYSTEM, ANTI-CORRUPTION, GOVERNANCE PRACTICES, FINANCIAL PERFORMANCE, LEGAL FORM, INTERNAL CONTROLS, DECISION-MAKING, DECISION MAKING, REPRESENTATION, STRONG CORPORATE GOVERNANCE, REGULATION, SECURITIES, REGULATORY REGIMES, OUTPUT, CONSTITUTION, SHAREHOLDER ENGAGEMENT, GOVERNANCE, SHAREHOLDERS, ENFORCEMENT, TAXATION, REGULATORY POLICY, CONSENSUS, STATE, INVESTOR, SECURITIES EXCHANGE, CITIZENSHIP, LEGISLATIVE BODIES, REGIONS, STOCK EXCHANGE, GOVERNANCE FAILURES, HUMAN RESOURCES, SHARE, COALITIONS, INTERNAL AUDIT, INVESTMENT CLIMATE, FINANCIAL INFORMATION, FEDERATION, FINANCIAL MARKETS, FINANCE CORPORATION, INTERNAL CONTROL, IDEOLOGIES, BANKING, RISK MANAGEMENT PROCESS, VOTING, REGULATORS, LAW, RISK MANAGEMENT, COMMUNICATION, SHAREHOLDER, LEGISLATORS, AUDIT, STRONG GOVERNANCE, FINANCIAL SYSTEMS, FINANCIAL SECTOR, GOVERNMENTS, RISK MANAGEMENT COMMITTEE, CORPORATE GOVERNANCE,
Online Access:http://documents.worldbank.org/curated/en/2016/06/26436937/companies-markets-global-developments-corporate-governance
http://hdl.handle.net/10986/24777
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Summary:In May 2015, the IFC Corporate Governance Group called together 40 experts in the field and members of the IFC Corporate Governance Private Sector Advisory Group. These participants explored key changes in international corporate governance standards and codes of best practice in the wake of the recent global financial crisis and how these changes have helped draw corporate attention to sustainability issues. The group found that many issues that became evident regarding banks in the financial crisis, and led to changes in the governance of banks, also have flowed through into broader corporate governance developments. This publication arises from the issues and information from these discussions. Specifically, part A discusses developments from global or regional groups involved in corporate governance. Part B addresses developments in corporate governance practice, and part C looks at developments in corporate governance codes and standards.