Publication:
Corporate Governance Country Assessment : Zambia

dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-15T20:04:31Z
dc.date.available2012-06-15T20:04:31Z
dc.date.issued2006-12
dc.description.abstractGood corporate governance ensures that companies use their resources more efficiently, protects minority shareholders, leads to better decision making, and improves relations with workers, creditors, and other stakeholders. It is an important prerequisite for attracting the patient capital needed for sustained long-term economic growth. This report provides an assessment of Zambia's corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Zambia. Tapping the potential of capital markets and professionalizing boards and management will require reform efforts to continue. The companies act should be revised and harmonized with the securities act. Revisions should be accompanied by an analysis of lessons learned from the recently revised companies act in the UK. Stakeholders should consider moving explicit protection against unfair related party transactions into the Code, and revising the non-financial disclosure framework for listed companies. The Lusaka Stock Exchange (LuSE) and its stakeholders should then consider revisions to the code and further develop the LuSE website as a primary source of information about listed companies. The Securities and Exchange Commission (SEC) should continue to build its enforcement capacity, and to establish corporate governance enforcement priorities. More support and resources should be provided by the public and private sector to the Institute of Directors of Zambia.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/12/16289179/zambia-report-observance-standards-codes-rosc-corporate-governance-country-assessment
dc.identifier.doi10.1596/8198
dc.identifier.urihttps://hdl.handle.net/10986/8198
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.subjectCAPITAL MARKET POTENTIAL
dc.subjectCOMPANIES ACT
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE GOVERNANCE ENFORCEMENT
dc.subjectSECURITIES ACT
dc.subjectSUSTAINED ECONOMIC GROWTH
dc.titleCorporate Governance Country Assessment : Zambiaen
dspace.entity.typePublication
okr.date.disclosure2012-05-29
okr.date.doiregistration2025-05-07T09:14:18.076317Z
okr.doctypeEconomic & Sector Work::Corporate Governance Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2006/12/16289179/zambia-report-observance-standards-codes-rosc-corporate-governance-country-assessment
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid483401468350182244
okr.identifier.externaldocumentum000333037_20120530004238
okr.identifier.internaldocumentum16289179
okr.identifier.report69159
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/30/000333037_20120530004238/Rendered/PDF/691590ESW0ROSC0Zambia0December02006.pdfen
okr.region.administrativeAfrica
okr.region.countryZambia
okr.sectorFinance
okr.sectorIndustry and trade
okr.themeFinancial and private sector development :: Corporate governance
okr.topicLaw and Development::Corporate Law
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicGovernance::National Governance
okr.topicPrivate Sector Development::Emerging Markets
okr.unitCorporate Governance - WB (FCMCG)
okr.volume1 of 1
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