By Chris Pierce
This authoritative advisor seems at company governance within the heart East and North Africa. It asseses the region's regulatory framework and the way concerns corresponding to company constitution, possession, forums disclosure and responsibility, shareholder rights, stakeholder kin, administrators tasks, and environmemtal and social accountability are perceived and addressed during this booming area.
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Extra resources for Corporate Governance in the Middle East and North Africa (Global Market Briefings)
The distribution of legal systems in the region is shown in Table 3. Table 3. php The World Bank each year rates legal rights in the MENA region. 3 (out of 10). 1 Sullivan, J. and Nadgrodkiewicz, A. (2008) Economic Reform Issue Paper, Center for International Private Enterprise, Washington, DC, p 9 Regional Corporate Governance Developments 11 In another survey, the World Bank1 has identified that a higher percentage of managers in firms in the MENA region have confidence that their country’s judicial system will enforce contractual and property rights in business disputes than in any other developing country region.
The Union has over 300 Arab financial and banking institutions as members. It is the largest banking and financial consortium in the region. The goals of the Union of Arab Banks are to: • foster cooperation between Arab banks; • develop Arab financial business; • enhance the financing role of Arab banks in the Arab region. The union’s head office is in Beirut and has three regional offices in Egypt, Sudan and Jordan. org. Conclusion Awareness of the importance of corporate governance in the MENA region has risen substantially in recent years and many countries have made significant progress including: 28 The MENA Region • Oman.
The forum promotes sustainable economic growth and poverty reduction within the framework of agreed international development targets. The forum focuses on practical, targeted corporate governance initiatives at the local, regional and global level. This involves: • raising awareness and building consensus through meetings, briefings, policy papers, dialogue, etc; • sponsoring research; • disseminating best practices through case studies, focus reports, guidelines; • technical support, capacity building through training programmes, toolkits.