Corporate Governance in Arab Countries

Development of Corporate Governance Structures in Arab and MENA Countries

Diploma Thesis , 2009 , 67 Pages , Grade: Sehr Gut

Business economics - Business Management, Corporate Governance

English:
In today´s business world corporate governance has become one of the
most discussed and most important matters. Corporate governance
criteria have been put right in the middle of investment decisions -
especially in emerging markets. In addition to that, a series of events like
business scandals, financial crises or business failures in the last 20 years
has made corporate governance a key point in the business community in
emerging markets, developing countries and economies in transition.
There exists no general definition for the term corporate governance.
Basically it can be viewed as a set of principles and rules by which a
company is directed and controlled. Many countries have developed good
corporate governance principles to improve the relationship between the
shareholders of a company and the management. Factors like financial
disclosure, more rights for shareholders and independent boards are
crucial for investors who are looking for a stable growth of companies.
Countries in the MENA region have put the implementation of such sound
corporate governance codes in the middle of their agenda. Their aim is to
create better economies and consequently a more attractive investment
climate for possible investors in the future.
This thesis tries to give the reader an insight into today´s state of
corporate governance in the Middle East and North Africa countries. The
discussion is based on a survey which has been undertaken by the
Hawkamah Institute for corporate governance in Dubai which focuses on
the establishment of good corporate governance codes in this region.

Inhaltsverzeichnis (Table of Contents)

• Abstract
• 1. Introduction
• 1.1 The importance of Corporate Governance
• 1.2 Different perspectives on Corporate Governance
• 2. Corporate Governance in Arab Countries
• 2.1 Corporate Governance Codes in Arab Countries
• 2.2 The development of Corporate Governance in the MENA region
• 2.3 The role of the Hawkamah Institute
• 2.4 Challenges in Implementing Good Corporate Governance
• 2.5 The Future of Corporate Governance in Arab Countries
• 3. Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis aims to provide a comprehensive analysis of the current state of corporate governance in the Middle East and North Africa (MENA) region. It examines the importance of corporate governance, explores the development of corporate governance codes in Arab countries, and analyzes the challenges and future prospects of implementing sound corporate governance practices in the region.

• The importance of corporate governance in today's business world.
• The development of corporate governance codes in Arab countries.
• The challenges and future prospects of implementing good corporate governance practices in the MENA region.
• The role of the Hawkamah Institute in promoting corporate governance in the region.
• The relationship between corporate governance and economic development.

Zusammenfassung der Kapitel (Chapter Summaries)

Chapter 1: Introduction This chapter introduces the concept of corporate governance and its importance in today's business world. It examines different perspectives on corporate governance, highlighting its significance in emerging markets and its role in fostering economic growth.

Chapter 2: Corporate Governance in Arab Countries This chapter delves into the specific context of corporate governance in Arab countries. It discusses the development of corporate governance codes in the region, explores the role of the Hawkamah Institute in promoting good corporate governance practices, and analyzes the challenges faced in implementing these practices.

Schlüsselwörter (Keywords)

Corporate governance, Arab countries, MENA region, Hawkamah Institute, corporate governance codes, economic development, investment climate, emerging markets, financial disclosure, shareholder rights, independent boards, business scandals, financial crises, business failures, good governance principles.

• College: University of Vienna
• Grade: Sehr Gut
• Author: Georg Binder (Author)
• Publication Year: 2009
• Pages: 67
• Catalog Number: V175194
• ISBN (eBook): 9783640961900
• ISBN (Book): 9783640961788
• Language: English
• Tags: Corporate Governance, MENA, Hawkamah, Arab Countries, Arabic, Enron, Business scandals, internal audit, Board of Directors, remuneration, risk management, transparency, disclosure