Author(s)
World BankKeywords
CORPORATIONLIFE INSURANCE COMPANIES
MINORITY SHAREHOLDERS
MINORITY SHAREHOLDER
COMPANY
PRIVATE SECTORS
ACCOUNTABILITY
DOMESTIC INSTITUTIONAL INVESTORS
AUTHORIZED CAPITAL
EXPENDITURES
LIMITED LIABILITY
CATEGORIES OF SHARES
MASS MEDIA
COMMERCIAL BANK
CONFLICT OF INTEREST
LEGAL ENTITIES
INTERNATIONAL MARKETS
MARKET CONDITIONS
STATEMENTS
PUBLIC DISCLOSURE
PROTECTION OF MINORITY SHAREHOLDERS
AUTHORIZATION
INVESTMENT BANKING
MARKET INFORMATION
STATE-OWNED ENTERPRISES
INVESTOR RELATIONS
PUBLIC INTEREST
MAJORITY OWNERSHIP
CORPORATE STRATEGY
COMPANY LAW
FIRMS
GLOBAL ECONOMY
STAKEHOLDERS
DECISION MAKING PROCESS
MARKET ECONOMY
CORPORATE GOVERNANCE
PENSION FUNDS
AUDIT COMMITTEES
FOREIGN DIRECT INVESTMENT
COMMERCIAL LAW
MARKET PRICE
DECISION MAKING
CORPORATIONS
FINANCIAL SECTOR
CAPITAL STRUCTURE
DISCLOSURE
SHAREHOLDING STRUCTURE
PRIVATIZATION OF STATE
EMPLOYMENT
SHAREHOLDERS
CORPORATE PERFORMANCE
ACQUISITION PRICE
MANAGEMENT BOARD
CAPITAL MARKETS
BOARD OF DIRECTORS
FINANCIAL SITUATION
SHAREHOLDER MEETINGS
MINISTRY OF FINANCE
EXECUTIVE OFFICER
COUNSEL
RISK MANAGEMENT
ADVISORY SERVICES
FINANCIAL MARKET
GROUP OF SHAREHOLDERS
FINANCIAL INFORMATION
LEGISLATIVE REFORM
CORPORATE CONTROL
RATIONALIZATION
LEGAL REQUIREMENTS
FINANCIAL STATEMENTS
AUTHORITY
GOVERNMENT OFFICIALS
VOTING SHARES
DISCLOSURE REQUIREMENTS
PRIVATE PENSION
SHARES OUTSTANDING
CONVERTIBLE DEBENTURES
SHAREHOLDING
REPRESENTATIVES
LEGAL FRAMEWORK
VETO
CONFLICTS OF INTEREST
PRIVATE SECTOR
DEGREE OF CONTROL
STOCK EXCHANGE
MUNICIPALITY
INSOLVENT
MARKET STRUCTURE
COMMERCIAL BANKS
BANKRUPTCY
DECREES
TRANSPARENCY
LEGISLATION
CONCENTRATION OF OWNERSHIP
JUDICIARY
OWNERSHIP STRUCTURE
EXTRAORDINARY SHAREHOLDERS
SURETY
MANAGEMENT
NET PROFITS
SHARE CAPITAL
COMPANY MANAGEMENT
LISTED COMPANIES
SHARE OWNERSHIP
DUE DILIGENCE
STRATEGIC INVESTORS
FINANCIAL INSTITUTIONS
INSOLVENCY
REGULATORY FRAMEWORK
FINANCIAL CONTROL
ACQUISITION OF ASSETS
INSTITUTIONAL INVESTORS
BOARD MEMBERS
DISCLOSURE OF INFORMATION
FOREIGN SHAREHOLDERS
INSTITUTIONAL FRAMEWORK
CORPORATE CULTURE
FINANCIAL MANAGEMENT
VOTING
OWNERSHIP INTEREST
CLASSES OF SHARES
FINANCIAL INTERESTS
CONFIDENTIALITY AGREEMENT
VOUCHER PRIVATIZATION
MANAGEMENT BODY
CORPORATE GOVERNANCE SYSTEM
DISCLOSURE RULES
INSIDER TRADING
FIXED ASSETS
DIVIDENDS
PUBLIC COMPANIES
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http://hdl.handle.net/10986/15305Abstract
This assessment benchmarks the
 Lithuanian corporate governance system against the OECD
 Principles of Corporate Governance and highlights a number
 of areas where Lithuania's corporate governance system
 can be strengthened. Lithuania has already invested
 considerable resources in upgrading its legislation to meet
 EU Directives, and the legislative and regulatory framework
 dealing with corporate governance issues is quite robust.
 The policy recommendations can be grouped under three broad
 categories: legislative reform, institutional strengthening
 and voluntary/private initiatives. The legislative and
 regulatory framework dealing with corporate governance
 practices has undergone substantial change. The most serious
 problem is compliance and enforcement. While the assessment
 highlights several areas where Lithuania's corporate
 governance system could be strengthened, the priority should
 be given to the enforcement of existing laws. This report
 promotes private sector initiatives and capacity building to
 follow up on the legislative progress on corporate
 governance reform. It recommends the development of a
 Lithuanian or regional voluntary code of best practice in
 corporate governance. The code should be prepared by a task
 force coordinated by the LSE and made up of public and
 private sector representatives. In addition, the report
 proposes the creation of a regional Institute of Directors,
 to provide training for supervisory board members,
 disseminate best practice and play a vital role in the
 dialogue between the public and private sector. Together,
 these measures give issuers the choice to implement best
 practice and investors a benchmark against which to measure
 corporate governance in Lithuania.Date
2013-08-22Identifier
oai:openknowledge.worldbank.org:10986/15305http://hdl.handle.net/10986/15305
Copyright/License
CC BY 3.0 IGORelated items
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