Publication:
Corporate Governance Country Assessment : Republic of Lithuania

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-08-22T21:07:54Z
dc.date.available2013-08-22T21:07:54Z
dc.date.issued2002-07
dc.description.abstractThis assessment benchmarks the Lithuanian corporate governance system against the OECD Principles of Corporate Governance and highlights a number of areas where Lithuania's corporate governance system can be strengthened. Lithuania has already invested considerable resources in upgrading its legislation to meet EU Directives, and the legislative and regulatory framework dealing with corporate governance issues is quite robust. The policy recommendations can be grouped under three broad categories: legislative reform, institutional strengthening and voluntary/private initiatives. The legislative and regulatory framework dealing with corporate governance practices has undergone substantial change. The most serious problem is compliance and enforcement. While the assessment highlights several areas where Lithuania's corporate governance system could be strengthened, the priority should be given to the enforcement of existing laws. This report promotes private sector initiatives and capacity building to follow up on the legislative progress on corporate governance reform. It recommends the development of a Lithuanian or regional voluntary code of best practice in corporate governance. The code should be prepared by a task force coordinated by the LSE and made up of public and private sector representatives. In addition, the report proposes the creation of a regional Institute of Directors, to provide training for supervisory board members, disseminate best practice and play a vital role in the dialogue between the public and private sector. Together, these measures give issuers the choice to implement best practice and investors a benchmark against which to measure corporate governance in Lithuania.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/07/6568353/report-observance-standards-codes-rosc-lithuania-corporate-governance-country-assessment
dc.identifier.doi10.1596/15305
dc.identifier.urihttps://hdl.handle.net/10986/15305
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACQUISITION OF ASSETS
dc.subjectACQUISITION PRICE
dc.subjectADVISORY SERVICES
dc.subjectAUDIT COMMITTEES
dc.subjectAUTHORITY
dc.subjectAUTHORIZATION
dc.subjectAUTHORIZED CAPITAL
dc.subjectBANKRUPTCY
dc.subjectBOARD MEMBERS
dc.subjectBOARD OF DIRECTORS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL STRUCTURE
dc.subjectCATEGORIES OF SHARES
dc.subjectCLASSES OF SHARES
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL LAW
dc.subjectCOMPANY
dc.subjectCOMPANY LAW
dc.subjectCOMPANY MANAGEMENT
dc.subjectCONCENTRATION OF OWNERSHIP
dc.subjectCONFIDENTIALITY AGREEMENT
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONVERTIBLE DEBENTURES
dc.subjectCORPORATE CONTROL
dc.subjectCORPORATE CULTURE
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE GOVERNANCE SYSTEM
dc.subjectCORPORATE PERFORMANCE
dc.subjectCORPORATE STRATEGY
dc.subjectCORPORATION
dc.subjectCORPORATIONS
dc.subjectCOUNSEL
dc.subjectDECISION MAKING
dc.subjectDECISION MAKING PROCESS
dc.subjectDECREES
dc.subjectDEGREE OF CONTROL
dc.subjectDISCLOSURE
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISCLOSURE RULES
dc.subjectDIVIDENDS
dc.subjectDOMESTIC INSTITUTIONAL INVESTORS
dc.subjectDUE DILIGENCE
dc.subjectEMPLOYMENT
dc.subjectEXECUTIVE OFFICER
dc.subjectEXPENDITURES
dc.subjectEXTRAORDINARY SHAREHOLDERS
dc.subjectFINANCIAL CONTROL
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERESTS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SITUATION
dc.subjectFINANCIAL STATEMENTS
dc.subjectFIRMS
dc.subjectFIXED ASSETS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN SHAREHOLDERS
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGROUP OF SHAREHOLDERS
dc.subjectINSIDER TRADING
dc.subjectINSOLVENCY
dc.subjectINSOLVENT
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINVESTMENT BANKING
dc.subjectINVESTOR RELATIONS
dc.subjectJUDICIARY
dc.subjectLEGAL ENTITIES
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL REQUIREMENTS
dc.subjectLEGISLATION
dc.subjectLEGISLATIVE REFORM
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIMITED LIABILITY
dc.subjectLISTED COMPANIES
dc.subjectMAJORITY OWNERSHIP
dc.subjectMANAGEMENT
dc.subjectMANAGEMENT BOARD
dc.subjectMANAGEMENT BODY
dc.subjectMARKET CONDITIONS
dc.subjectMARKET ECONOMY
dc.subjectMARKET INFORMATION
dc.subjectMARKET PRICE
dc.subjectMARKET STRUCTURE
dc.subjectMASS MEDIA
dc.subjectMINISTRY OF FINANCE
dc.subjectMINORITY SHAREHOLDER
dc.subjectMINORITY SHAREHOLDERS
dc.subjectMUNICIPALITY
dc.subjectNET PROFITS
dc.subjectOWNERSHIP INTEREST
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPENSION FUNDS
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTORS
dc.subjectPRIVATIZATION OF STATE
dc.subjectPROTECTION OF MINORITY SHAREHOLDERS
dc.subjectPUBLIC COMPANIES
dc.subjectPUBLIC DISCLOSURE
dc.subjectPUBLIC INTEREST
dc.subjectRATIONALIZATION
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPRESENTATIVES
dc.subjectRISK MANAGEMENT
dc.subjectSHARE CAPITAL
dc.subjectSHARE OWNERSHIP
dc.subjectSHAREHOLDER MEETINGS
dc.subjectSHAREHOLDERS
dc.subjectSHAREHOLDING
dc.subjectSHAREHOLDING STRUCTURE
dc.subjectSHARES OUTSTANDING
dc.subjectSTAKEHOLDERS
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectSTATEMENTS
dc.subjectSTOCK EXCHANGE
dc.subjectSTRATEGIC INVESTORS
dc.subjectSURETY
dc.subjectTRANSPARENCY
dc.subjectVETO
dc.subjectVOTING
dc.subjectVOTING SHARES
dc.subjectVOUCHER PRIVATIZATION
dc.titleCorporate Governance Country Assessment : Republic of Lithuaniaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.disclosure2006-01-31
okr.date.doiregistration2025-05-07T10:51:59.187201Z
okr.docurlhttp://documents.worldbank.org/curated/en/2002/07/6568353/report-observance-standards-codes-rosc-lithuania-corporate-governance-country-assessment
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid594411468055518064
okr.identifier.externaldocumentum000160016_20060131180303
okr.identifier.internaldocumentum6568353
okr.identifier.report35096
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/01/31/000160016_20060131180303/Rendered/PDF/350960LT0Corpo1vernance0rosc1cg0702.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryLithuania
okr.sectorFinance :: Capital markets
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicPrivate Sector Development::Privatization
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicSmall Scale Enterprise
okr.topicGovernance::National Governance
okr.topicIndustry
okr.unitLibrary & Archives ofDevelopment (ISGLA)
okr.volume1 of 1
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