Corporate Governance Enforcement in the Middle East and North Africa: Evidence and Priorities

Alissa Amico
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Alissa Amico: OECD

No 15, OECD Corporate Governance Working Papers from OECD Publishing

Abstract: Corporate governance frameworks in the Middle East and North Africa region have undergone a substantial evolution in the past decade. Better enforcement of corporate governance rules and regulations has in the past three years emerged as both a policy challenge and a priority for the region. This emphasis on better enforcement reflects a number of trends including political changes in some countries of the region, the global call for better surveillance of the adoption of governance rules as well as low investor engagement in the region. This paper examines key developments in public and private corporate governance enforcement in the region. It highlights the growing level of public enforcement as expertise within the securities regulators is growing. The paper provides policy recommendations on specific aspects of governance frameworks such as the treatment of related party transactions and board member responsibilities which - if better regulated - could result in more effective governance enforcement in the region.

Keywords: board appointment; commercial courts; company law; corporate governance; enforcement; investor engagement; listing requirements; Middle East and North Africa; minority shareholder; redress; securities regulator; shareholder rights; stock exchange (search for similar items in EconPapers)
JEL-codes: G38 K22 K42 (search for similar items in EconPapers)
Date: 2014-09-30
New Economics Papers: this item is included in nep-ara, nep-cfn and nep-law
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:oec:dafaae:15-en

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