This paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance. It outlines the motivations for the establishment of audit committees in commercial corporations and public sector entities, and...

This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that...

This study reviews selected issues on investor protection and corporate governance in Australia, and concludes that the corporate governance framework for Australian-listed companies is largely healthy and dynamic. Shareholder activism is an important element of corporate governance because it...

In April 2014 the updated Code of Corporate Governance was published (Bulletin of the Bank of Russia, 2014. No. 40 (1518). April 18). The need for updating the provisions of this document was long overdue, and the emergence revised version is certainly an important step towards the development...

This assessment reviews the regulatory framework in place for the oversight of the capital markets of the Russian Federation as of June 2011. The Russian securities markets, in particular, have been volatile, reflecting the inflow and outflow of money and the crisis. Foreign investment banks...

As a rule, public companies in the Republic of Slovenia use a twotier system of corporate governance. The supervisory boards of such companies should execute the supervisory function by informing and disclosing to the shareholders the data regarding envisaged policies of corporate governance....

Corporate governance stems from the interplay of legal norms, security regulation, self-regulation and best practices. Recent scandals and frauds have forced governments to update laws on corporate governance: the legislation process has been very fast in some countries, others have lagged. Law...

The ?comply or explain? mechanism, first employed in the UK, combines voluntary compliance with corporate governance codes and a legal obligation (either by law, regulation or listing rule) to declare compliance with, or, as the case may be, to explain deviations from a code. With the adoption...