Showing items related by title, author, creator and subject.

• Ghana : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment

  World Bank (Washington, DC, 2005-05)

  This report assesses Ghana's corporate governance policy framework, enforcement and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Ghana. Ghana is a promising capital market with remarkable recent performance, significant momentum and will for improvement. Continuing challenges are presented however, by its weak institutional base and capacity, as well as by persistent gaps in enforcement. The report identifies several key next steps that focus on implementation, including: 1. A concentrated effort to raise awareness of corporate governance, transparency and accountability. The effort should include director training, possibly with Securities and Exchange Commission (SEC) certification requirements. 2. An overhaul of the institutional framework and capacity, including training, resources, and effectiveness. Particular focus should be directed at promoting the new specialized commercial court, and private arbitration; developing a central depository system for equities; creating an effective companies registry; and improving enforcement of accounting and auditing. 3. Continued legislative review and modernization. 4. An improvement of SEC resources and training would enable it to focus on rule-making and enforcement of disclosure quality, related party transactions, insider trading, ownership disclosure (especially by directors and insiders), management of conflicts of interest among market operators, and shareholder redress. Improved electronic market surveillance by the Ghana Stock Exchange will assist with this ambitious agenda. These measures will help develop Ghana's capital markets, attract investors, and promote best practice of investor protection.
• Corporate Governance Country Assessment : Ghana

  World Bank (Washington, DC, 2014-10-16)

  This report assesses Ghana s corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Ghana. It is an update of the 2005 Corporate Governance ROSC. Good corporate governance enhances investor trust, helps to protects minority shareholders, and can encourage better decision making and improved relations with workers, creditors, and other stakeholders. Better investor protection can lower the cost of capital and encourage companies to list and raise funds through equity markets. Investor protection is also crucial to protect retirement savings as pension funds invest more in listed companies. Good corporate governance also helps to ensure that these companies operate more transparently and efficiently.
• Corporate Governance Country Assessment : Malawi

  World Bank (Washington, DC, 2014-10-16)

  This 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.