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Economies that rank high on the strength of investor protection index have extensive disclosure requirements and give shareholders broad access to information both before and during trials to determine director liability. New Zealand and Singapore, which top the rankings on the index with 29 and 28 of 30 possible points, both require immediate disclosure of a related-party transaction and of the conflict of interest (table 7.1). They require prior approval of the transaction by the other shareholders. They enable the shareholders to hold the directors liable and to have the transaction voided if it damages the company. And in New Zealand shareholders can inspect all internal documents before deciding whether to sue.
Twelve economies strengthened investor protections in 2007/08 (table 7....
...Economies in the Middle East and North Africa, such as Djibouti and Oman, limit access to inform... company laws into line with modern regulations and corporate governance principles. Tajikistan ad... have to be assessed by an independent financial adviser before they take place, ensuring that shar... Latin America and the Caribbean, Africa and South Asia. In 2007/08 only one reform was recorded in t...
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Vinod Rai, Comptroller and Auditor General of India and chair of the Knowledge Sharing Committee, presented his report to the Governing Board and the XX INCOSAI. According to the INCOSAI strategic plan, the purpose of goal 3 is to encourage SAI cooperation, collaboration, and continuous improvement through knowledge sharing, including providing benchmarks, conducting best practice studies, and performing research on issues of mutual interest and concern. In addition to Rai's report, the individual working groups and task forces reported on their goals and achievements. This article summarizes the activities and accomplishments of goal 3 working groups and task forces.
... Group on Privatization, Economic Regulation, and Public-Private Partnerships and the INTOSAI C... the new Task Force on the Global Financial Crisis (chaired by the SAI of the United States) a... and Benefits of SAIs (chaired by the SAI of South Africa). In addition to Mr. Rais report, the indiv...
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... and Demurger 2000), development of financial markets (Alfaro et al 2004), the sector in which t... from FDI, at the same time, excessive regulation restricts the impact of FDI on growth (Busse and G... more developed countries like Singapore and South Korea, no significant impact of infrastructure on ...In a region like Africa where disparities among infrastructure development...
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..., such as labor law and environmental regulation. Undoubtedly, FDI and MNCs "constitute powerful fo... regulations addressing an emergency financial crisis, refusing to grant a license for a toxic wa...(58) . Currently, South Africa, like a growing number of developing States...
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... in various countries in the Middle East, Africa and Europe, almost all of whom are clerics. . The ... establishment and revolutionized the financial networks of Shiite religious authorities. The cler... for seizing religious capital: the regulation of religious ritual and the creation of institutio... of Marja'iyat," Comparative Studies of South Asia, Africa and the Middle East 16, no. 2 (1996):...
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... Board for Financial Services and Regulation in South Africa. He is an honorary research fellow...
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LONDON (Reuters) - Trusting in hard numbers rather than the forecasts of company managements is key forchief economist, as he helps one of the U.K.'s best-known hedge fund firms recover from a tough credit crisis.
A self-confessed "data junkie" who claims a number-crunching computer program he built in the mid-1990s is now the world's biggest single user of government data, Mr. Savouri feeds his colleagues, and his own fund, with his calculations of how much money companies can really make.
...So much of what we see (in the financial world) is subjective, but data of a high enough pr...In a current paper on South Africa he calls for better regulation of the finan...
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...Its crucial position in South Asia, with its proximity to the Arabian Peninsula and access to the Horn of Africa and Central Asia, make it a strategically attracti... and needed sympathy along with financial support. Relations have continued in 2009 with an ... to the controversial Frontier Crime Regulation (FCR) in the FATA, a holdover from the British Raj...
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...I. OVERVIEW . The recent global financial crisis and forecasts of a protracted financial win...Africa appears to have withstood the global financial cri.... South Africa has long been the leading economic power in... (antitrust) legislation and regulations, environmental legislation and regulations, and an...
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... World Bank for the Middle East and North Africa Region, and Vice President for Poverty Reduction a... of international economic and financial institutions. Could you elaborate upon this centra... with equity, allowing some degree of regulation, and in turn combining markets and public policy i... well join other African countries like South Africa, which is already an emerging market econom...