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Corporate Governance of Non-Listed Companies in Emerging Markets

image of Corporate Governance of Non-Listed Companies in Emerging Markets

This publication provides policy makers, board members, managers, equity providers, creditors and other stakeholders an overview of the issues to be addressed in establishing good corporate governance of non-listed companies. 

While the corporate governance debate has mostly focused on listed companies with dispersed shareholdings, issues such as financial transparency, the role of access to outside capital and conflict resolution are just as important for non-listed and family controlled companies which play a major role in many economies. 

Contributors to this publication are policy makers, regulators and practitioners, mostly from emerging markets and developing countries including Brazil, China, India, Lebanon and Mexico. Drawing on their varied experiences, the contributors address key corporate governance issues such as the role of professional managers, the implications of specific control and ownership structures; the unique characteristics of corporate governance of non-listed companies, the adequate transparency requirements in non-listed companies, and how policy makers should inform themselves in order to facilitate better corporate governance and business performance in non-listed companies. 

English

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Macedonia

Recent Developments

This analysis provides an overview of recent corporate governance developments affecting nonlisted joint stock companies in Macedonia. The report summarises the findings of corporate governance surveys, reviews the latest legal developments in commercial legislation affecting corporate governance standards, and describes the steps that have been taken by the Macedonian government, the donor community, and the private sector to improve corporate governance standards of Macedonian non-listed joint stock companies.

English

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