Raising the Bar on Corporate Governance: A Study of Eight Stock Exchange Indices

This study reviews the different approaches used by stock exchanges to build indices incorporating corporate governance. Since 2001, eight stock exchanges around the world have launched corporate governance indices (CGIs), sometimes as part of a broader environment, social, and governance (ESG) initiative. The comprehensive analysis of these indices presented in this study is the first of its kind, and it reveals that CGIs have a positive impact, enhancing legal and regulatory frameworks by extending governance criteria to develop objective and measurable benchmarks. More…

 

Source : The World Bank & IFC International Finance Corporation

admin // 28.06.2013

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