Minority Shareholders: What Works to Protect Shareholder Rights?
Author: Mierta Capaul Date: 8/1/2003 (PDF, 200KB)
The World Bank's assessments of corporate governance practices in 25 countries across five continents have revealed a general commitment to comply with international principles. But the necessary legal changes are slow and subject to political compromise. Moreover, most countries have a poor track record in enforcing existing laws and regulations. Expropriation of minority shareholders continues to be a problem around the world.