Corporate Governance

English
ISSN: 
2077-6535 (online)
ISSN: 
2077-6527 (print)
http://dx.doi.org/10.1787/20776535
Hide / Show Abstract

This series of books addresses issues related to corporate governance including such issues as board composition and nomination, the role of institutional investors, board incentives, risk management and  supervision and enforcement.

Also available in French
 
Corporate Governance in Latvia

Corporate Governance in Latvia You do not have access to this content

English
Click to Access: 
    http://oecd.metastore.ingenta.com/content/2616011e.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/corporate-governance-in-latvia_9789264268180-en
  • READ
Author(s):
OECD
20 Mar 2017
Pages:
132
ISBN:
9789264268180 (PDF) ;9789264268173(print)
http://dx.doi.org/10.1787/9789264268180-en

Hide / Show Abstract

The Review of Corporate Governance in Latvia was prepared as part of the process of Latvia’s accession to OECD Membership. The report describes the corporate governance setting for both listed companies and the state-owned sector (SOEs). The Review then examines the legal and regulatory framework and company practices to assess the degree to which the recommendations of the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises have been implemented. The report finds that Latvia's framework for the corporate governance of listed companies is largely consistent with the Principles. However, the report recommends a series of measures to further strengthen the corporate governance framework, which could help to deepen its currently small capital market and attract investment. For SOEs, the report recognises considerable reforms undertaken during the accession review process to establish an ownership co-ordination unit and to begin re-establishing boards of directors (which had been abolished in 2009). The report calls for consolidation of these reforms and also stresses the importance of clarifying SOE objectives and strategies, and enhancing disclosure.

loader image

Expand / Collapse Hide / Show all Abstracts Table of Contents

  • Mark Click to Access
  • Foreword

    Since regaining its independence in 1991, Latvia has made great strides, becoming one of the fastest-growing economies in Europe in recent years. Over this same period, Latvia’s government has taken significant steps to improve the framework for the corporate governance of listed and state-owned enterprises (SOEs). Continuing to improve this framework is an important part of ensuring Latvia remains on a path of sustainable economic development. This review includes key recommendations in this regard that, if implemented, could support a deepening of Latvia’s capital markets and increase the transparency and efficiency of its economically and politically important SOE sector.

  • Abbreviations and acronyms
  • Executive summary

    This report assesses Latvia’s legal, regulatory and institutional framework for corporate governance and the country’s implementation of the G20/OECD Principles of Corporate Governance (“the Principles”) and the OECD Guidelines on Corporate Governance of State-Owned Enterprises (“the Guidelines”). It first examines the corporate governance landscape, then turns to the five “core corporate governance principles” set out in the Roadmap for the Accession of Latvia to the OECD Convention.

  • Introduction to the corporate governance review of Latvia

    The Review of Corporate Governance in Latvia was prepared as part of the process of Latvia’s accession to OECD Membership. The report describes the corporate governance setting for both listed companies and the state-owned sector (SOEs). The Review then examines the legal and regulatory framework and company practices to assess the degree to which the recommendations of the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises have been implemented.

  • Latvia's corporate governance landscape

    This chapter describes Latvia’s corporate governance framework for listed and stateowned enterprises (SOE), within the context of the country’s recent economic history and current business environment.

  • Latvia and the core Corporate Governance Principles: The Roadmap for Accession

    In 2014, Latvia was reviewed against the recommendations of the Principles of Corporate Governance and Guidelines on Corporate Governance of State-Owned Enterprises. This chapter, along with Chapter V, builds on these reviews, following the structure of the Corporate Governance Committee’s “Concept Paper”, which sets out five “core” corporate governance accession principles: (1) shareholder rights and equitable treatment, including treatment of the market for corporate control; (2) related party transactions and conflicts of interest (3) institutional investor disclosure, corporate governance policies, conflicts of interest and voting; (4) insider trading and abusive selfdealing; and (5) equitable treatment of shareholders among state-owned enterprises.

  • Conclusions and recommendations for Latvia's corporate governance framework

    This report provides an assessment of Latvia’s corporate governance framework for listed and state-owned enterprises with respect to five “core corporate governance principles” set out in the Roadmap for the Accession of Latvia to the OECD Convention, which in turn draws upon the G20/OECD Principles of Corporate Governance (“the Principles”) and the G20/OECD Corporate Governance of State-Owned Enterprises (“the Guidelines”).

  • Latvian state-owned enterprises

    In the following table, data provided by the Lithuanian authorities is current through 2014, and all financial figures are in euros and consolidated.

  • Add to Marked List
 
Visit the OECD web site