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Corporate Governance Country Assessment : Russian FederationThis report assesses Russia'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 Russia. Corporate governance has been a major policy issue in Russia since the beginning of its transition to a market economy. The privatization process of the early 1990s was put in place before most elements of the corporate governance and investor protection framework, and there were many widely publicized abuses, leading to very low asset prices. Most observers agree that the corporate governance environment has improved in recent years as the government has enhanced the legal and policy framework, and key institutions have grown in sophistication and maturity. Many major Russian companies have also voluntarily improved their financial and ownership transparency. A number of reform initiatives are currently underway. The report (and this summary) is organized into four sections: i) the commitment of the public and private sectors to reform; ii) shareholder rights; iii) disclosure and transparency; and iv) Boards of Directors. Policy recommendations are developed in detail at the end of each section. The report also includes a special annex that details the reform agenda focusing on related party transaction approval and disclosure, based on the approach of the Protecting Investors indicator developed in the World Bank's Doing Business report.
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Corporate Governance Country Assessment : AzerbaijanThis report assesses Azerbaijan'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 Azerbaijan. It is an update of the 2005 Corporate Governance ROSC. In recent years, Azerbaijan's economy has experienced tremendous economic growth and the substantial institutional and legal change of earlier years has continued. New laws and regulations have improved legal protection for investors and the broader business environment. These include 2007 laws on insurance activity and internal audit, and 2008 amendments to the civil code and regulations that introduce board member duties and regulate related party transaction. Azerbaijan's Doing Business rankings have improved substantially since 2005. Enforcement and implementation of corporate governance has also begun to improve, especially in banks and companies with foreign investment. Foreign donors, including the International Finance Corporation (IFC) Azerbaijan Corporate Governance Project, have been helpful in this area.
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Corporate Governance Country Assessment : KenyaGood corporate governance ensures that
 companies use their resources more efficiently, protects
 minority shareholders, leads to better decision making, and
 improves relations with workers, creditors, and other
 stakeholders. It is an important prerequisite for attracting
 the patient capital needed for sustained long-term economic
 growth. This report provides an assessment of Kenya 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 Kenya.