Corporate Governance in Arab Countries Dissertation or Thesis by Georg Binder

Corporate Governance in Arab Countries
Explores the concept of corporate governance especially as practiced in the Middle East and North Africa (MENA) countries.
# 114317 | 11,230 words | 17 sources | MLA | 2009 | AT


$19.95 Buy and instantly download this paper now

Description:

This paper explains that, although no general definition for the term corporate governance exists, it can be viewed as a set of principles and rules by which a company is directed and controlled. Countries in the Middle East and North Africa (MENA) region, the author reports, are emphasising sound corporate governance codes to create better economies and consequently more attractive investment climates for future investors. The paper is based on a survey that focuses on the establishment of good corporate governance codes in this region which has been conducted by the Hawkamah Institute for corporate governance in Dubai.

Table of Contents:
Introduction
What is Corporate Governance?
Who Benefits from Good Corporate Governance?
MENA Countries and their Recent Development
Corporate Governance in the MENA Countries - An Overview
Hawkamah Institute for Corporate Governance in Arab Countries
Implementing Corporate Governance: Practice vs. Theory
The Survey
General Findings
Still at the Beginning
Board of Directors
Board Structure
Board Size
Establishing Board Committees
Board Meetings
One Director, One Board? Multiple Directorships
Managerial Labor Market
Executive Compensation, Risk Management
Internal Controls
Internal Audit
External Audit
Audit Committee
Transparency and Disclosure
What is being Disclosed?
Any Barriers Preventing Disclosure?
Shareholder Rights
Family Power in the MENA Region
Women on Boards
Conclusion

From the Paper:

"The financial disclosure of a firm includes all the financial information that arise within the company. This covers the bank's or company's balance sheet, income statement, cash flow statement, statement of equity and additional notes to the statements. There exist certain capital market regulations that enforce both banks and companies to adhere to. Non-compliance with those requirements is sanctioned."

Sample of Sources Used:

  • Gompers, P., L. Ishii, and A. Metrick (2003), Corporate Governance and Equity Prices, Quarterly Journal of Economics 118
  • Hawkamah Institute, International Finance Corporation (2007), A Corporate Governance Survey of Listed Companies and Banks Across the Middle East & North Africa, for further information see http://www.hawkamah.org (October 2008)
  • Hawkamah Institute, Institute of Directors Mudara (2008), Power matters: A survey of GCC boards, for further information see http://www.hawkamah.org (October 2008)
  • Shleifer, A. and Vishny, R. (1997), A Survey of Corporate Governance, Journal of Finance Volume 52, No. 2, pp. 737 - 783
  • Moxey, P. (2004), Corporate Governance and Wealth Creation, ACCA Occasional Research Paper No. 37

Cite this Dissertation or Thesis:

APA Format

Corporate Governance in Arab Countries (2009, June 05) Retrieved September 19, 2020, from https://www.academon.com/dissertation-or-thesis/corporate-governance-in-arab-countries-114317/

MLA Format

"Corporate Governance in Arab Countries" 05 June 2009. Web. 19 September. 2020. <https://www.academon.com/dissertation-or-thesis/corporate-governance-in-arab-countries-114317/>

Comments