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Corporate Governance Egypt

In: Business and Management

Submitted By Mohamedyousry
Words 26570
Pages 107
Cairo & Alexandria Stock Exchanges Working Paper Series

Dr. Shahira Abdel Shahid September 2001

Corporate Governance is becoming a global pursuit: what could be done in Egypt?

1

Corporate Governance is becoming a global pursuit: what could be done in Egypt?

Abstract: The paper defines corporate governance and explains the reasons for its becoming an important issue pursued by many countries in the last decade. Following, the various codes of corporate governance, used as a guidance for countries, which are set by international organizations such as World Bank, IMF and OECD are summarized. Next, the paper reviews corporate governance experiences in nine diverse, countries including both developed and emerging markets. Finally, the paper assesses corporate governance practices in Egypt, identifying existing problems and proposing recommendations in order to enhance corporate governance practices in Egypt. Acknowledgements: The Research & Markets Development Department at CASE is very pleased to present its first series of research papers that addresses an issue of both local and international importance, which is broadly examined by experts and researchers in both practice and academia. The author would like first to thank Dr. Sameh El Torgoman, Chairman of CASE, for his great support and encouragement. Dr. El Torgoman insisted that corporate governance becomes the first research working series paper to be written by Research & Markets Development, given the worldwide importance of the topic and its great relevance to the Egyptian context. Dr. El Torgoman is a great advocate of corporate governance and is determined to have CASE, one of the main driving entities, working with the Ministry of Economy & Foreign Trade and other organizations, in setting a Code for Corporate Governance in Egypt. Furthermore, the author thanks Mr. Nazre Dastgir, Senior…...

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