Corporate Governance for Emerging Markets

Corporate governance has become an essential tool for improving corporate performance and advancing the development of market-oriented democracies. Good governance practices maintain the integrity of business transactions and in so doing strengthen the rule of law and democratic governance. A powerful antidote to corruption, corporate governance clarifies private rights and public interests, preventing abuses of both.

This toolkit introduces key concepts in corporate governance, provides a framework for applying corporate governance principles to emerging markets situations, and outlines the four-step strategy developed by the Center for International Private Enterprise for corporate governance reform. The toolkit includes:

• Benefits of corporate governance
• Basic principles
• Internal and external aspects of firm governance
• CIPE's four-step strategy for corporate governance
• Five examples of actual reform programs