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Corporate Governance Country Assessment : MalawiThis ROSC assessment of corporate
 governance in Malawi benchmarks law and practice against the
 Organization for Economic Cooperation and Development (OECD)
 Principles of Corporate Governance and covers public
 interest entities (including public limited companies,
 financial institutions, and parastatal companies) with
 special focus on the companies listed on the MSE. This
 report should be read in conjunction with the Accounting and
 Auditing ROSC Malawi, which reviews issues related to
 accounting, auditing, and financial reporting in more
 detail. Growth in 2006 has been estimated at 6.5 percent.
 Inflation and bank lending rates have declined significantly
 over the past few years. Malawi qualified for debt relief
 under the World Bank s Heavily Indebted Poor Countries
 (HIPC) initiative in 2006. The business environment has
 improved, and the private sector is optimistic about the
 future; the Malawi Business Survey 2006 conducted by the
 Malawi Confederation of the Chambers of Commerce and
 Industry (MCCI) rated the business environment good to very
 good with better expectations in the next 12 months. The
 Malawi Growth and Development Strategy (MGDS) 2006-2011 sets
 a future growth target of more than 6 percent annually for
 the five-year period, which will increase per capita income
 to US$450 by the end of 2011. For this purpose, Malawi is
 seeking to increase domestic and foreign investment.
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A Guide to Corporate Governance Practices in the European UnionAs one of the most rapidly changing
 corporate governance environments in the world, Europe
 represents a microcosm of the exciting innovation happening
 in the corporate governance arena, ranging from new
 approaches to board-level corporate governance practices to
 changes in regulatory requirements at the legislative level.
 Representing a diverse mix of nations at various stages of
 economic development and market maturity, the European Union
 as an entity is demonstrating the broad value of a
 prioritized focus on corporate governance while accounting
 for individual country and company circumstances. This
 publication, a guide to Corporate Governance practices in
 the European Union, offers an overview of the changes taking
 place across the EU’s corporate governance landscape. It
 provides a focused examination of specific regulations and
 practices as well as a frank assessment of the challenges
 that remain. The value of this publication is that it
 examines the issues from all sides. It assesses the steps
 forward and steps backward, the progress made and the gaps
 that remain, presenting the sometimes widely varying
 perspectives of owners, boards, management, and other
 stakeholders to create a complete picture of the European
 corporate governance environment.
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Corporate Governance Country Assessment : United KingdomThe UK has one of the most complete corporate governance frameworks in the world. Key to its success are a strong and self-aware institutional investor community, an innovative and flexible set of regulations (including the Combined Code on corporate governance, which can claim to be the first and most influential of its kind), and a deep awareness of the benefits of good corporate governance. The consultation process is broad and deep. Emerging market countries can learn a great deal from the UK's experience. The existing regulatory structure is complex; over the past 10 years many UK listed companies (and foreign companies with shares traded in the UK) have migrated to market tiers with relatively low corporate governance requirements. The growth of foreign ownership has raised questions as to whether or not the UK's shareholder engagement-based approach can continue to be effective. As in many countries, the 2008 global financial crisis has raised concerns about the fundamental ability of the corporate governance framework to deliver long-term sustainability. This report assesses the United Kingdom's corporate governance policy framework for listed companies. It describes the corporate governance framework, assesses compliance with the OECD Principles of Corporate Governance, and provides policy recommendations. Some of the recommendations are based on the indirect impact of the UK's corporate governance framework on corporate governance reform in other countries.