TY  - BOOK
AU  - Fremond,Olivier
AU  - Capaul,Mierta
AU  - Fremond,Olivier
TI  - The State of Corporate Governance: Experience from Country Assessments 
PY  - 2002///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Access To Capital
KW  - Bank Policy
KW  - Banks and Banking Reform
KW  - Capacity Building
KW  - Capital Allocation
KW  - Corporate Governance
KW  - Corporate Law
KW  - Debt Markets
KW  - Emerging Markets
KW  - Equity
KW  - Exchange
KW  - Finance
KW  - Finance and Financial Sector Development
KW  - Financial Literacy
KW  - Good
KW  - Governance
KW  - Governance Indicators
KW  - International Financial Institutions
KW  - Law and Development
KW  - Lending
KW  - Market
KW  - Microfinance
KW  - National Governance
KW  - Private Sector Development
KW  - Prof Profits
KW  - Property
KW  - Property Rights
KW  - Return
KW  - Risk of Expropriation
KW  - Shareholders
KW  - Transparency
N2  - Corporate governance deals with the ways in which the rights of outside suppliers of equity finance to corporations are protected and receive a fair return. Good practices reduce the risk of expropriation of outsiders by insiders and thus the cost of capital for issuers. Capaul and Fremond review the experience of the preparation of 15 corporate governance country assessments across five continents. The assessments have been prepared under the umbrella of the joint World Bank/IMF initiative of the "Reports on the Observance of Standards and Codes" (ROSCs). The assessments focus on the rights of shareholders, the equitable treatment of shareholders, the role of stakeholders, disclosure and transparency, and the duties of the board of listed companies, and use the OECD Principles of Corporate Governance as benchmark. The authors give an overview of the actual and potential contribution of the assessments to policy dialogue, diagnostic and strategic work, lending and nonlending operations, and technical assistance and capacity, and presents the unfinished agenda. This paper-a product of the Corporate Governance Unit, Private Sector Advisory Services Department-is part of a larger effort in the department to disseminate lessons learned in the assessment of the compliance of countries to global standards. The authors may be contacted at ofremond@worldbank.org or mcapaul@worldbank.org
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-2858
ER  -