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Corporate Governance in Estonia 2011

image of Corporate Governance in Estonia 2011
This Review of Corporate Governance in Estonia describes the corporate governance setting including the structure and ownership concentration of listed companies and the structure and operation of the state-owned sector. The Review then examines the legal and regulatory framework and company practices to assess the degree to which the recommendations of the OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises have been implemented.

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Analytical Framework for the Accession Review

As noted in the Foreword, the Corporate Governance Committee (then known as the Steering Group on Corporate Governance) was requested to examine Estonia’s position with respect to core corporate governance features and to provide the OECD Council with a formal opinion on Estonia’s willingness and ability to implement the recommendations laid down in the Principles of Corporate Governance and Guidelines on Corporate Governance of State-Owned Enterprises. At the same time, Council requested the Committee to carry out accession reviews on the same basis for four other countries – Chile, Israel, the Russian Federation and Slovenia.

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