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Strengthening the Governance and Performance of State-Owned Financial Institutions / Scott, David H.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Scott, David H.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Banks and Banking Reform.
- Corporate governance.
- Corporate Law.
- Debt Markets.
- Disclosure.
- Emerging Markets.
- Finance and Financial Sector Development.
- Financial institution.
- Financial Institutions.
- Financial management.
- Financial Systems.
- Governance.
- Institutional foundations.
- Law and Development.
- Legislation.
- National Governance.
- Presidency.
- Private Sector Development.
- Public policy.
- Local Subjects:
- Banks and Banking Reform.
- Corporate governance.
- Corporate Law.
- Debt Markets.
- Disclosure.
- Emerging Markets.
- Finance and Financial Sector Development.
- Financial institution.
- Financial Institutions.
- Financial management.
- Financial Systems.
- Governance.
- Institutional foundations.
- Law and Development.
- Legislation.
- National Governance.
- Presidency.
- Private Sector Development.
- Public policy.
- Physical Description:
- 1 online resource (56 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2007
- System Details:
- data file
- Summary:
- Corporate governance arrangements define the responsibilities, authorities and accountabilities of owners, boards of directors, and executive managers of a company. Good corporate governance is as important for state financial institutions as for private sector companies. Many of the problems that commonly afflict state financial institutions can be associated with, if not attributed directly to, weaknesses in corporate governance. This note draws on guidelines recently published by the OECD and the Basel Committee for Banking Supervision to compile a comprehensive corporate governance evaluation framework relevant to state-owned commercial and development finance institutions. It highlights aspects of this framework that are considered to be of particular importance to state financial institutions by citing innovative practices in a number of countries. Finally, it presents a detailed case study of the governance arrangements in place at the Development Bank of Southern Africa.
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