Corporate Governance in Developing, Transition and Emerging-Market Economies:

• Sound national systems of corporate governance are essential for all countries, including the poorest, to reap the benefits of globalisation. • "Corporate governance" comprises the institutions that govern the relationship between people who manage corporations and all others who invest...

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Bibliographic Details
Main Author: Oman, Charles P.. (Author)
Other Authors: Fries, Steven (Contributor), Buiter, Willem (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2004
Series:OECD Development Centre Policy Briefs no.23
Subjects:
Online Access:DE-862
DE-863
Summary:• Sound national systems of corporate governance are essential for all countries, including the poorest, to reap the benefits of globalisation. • "Corporate governance" comprises the institutions that govern the relationship between people who manage corporations and all others who invest resources in them. • The quality of local corporate governance critically affects a country's ability to achieve sustained real productivity growth and the success of its long-term development efforts. • Pyramidal corporate-ownership structures, cross shareholdings and multiple share classes are widely used by corporate insiders in the developing world to extract corporate-control rents, exploit other investors and resist pressures to improve corporate governance. • The power of corporate insiders and their close relationship with those who exercise political power mean that sound corporate governance requires sound political governance, and vice versa.
Physical Description:1 Online-Ressource (50 Seiten) 21 x 29.7cm.

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