Corporate Governance Country Assessment : Zambia

Publication:
Corporate Governance Country Assessment : Zambia

dc.contributor.author	World Bank
dc.date.accessioned	2012-06-15T20:04:31Z
dc.date.available	2012-06-15T20:04:31Z
dc.date.issued	2006-12
dc.description.abstract	Good 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.identifier	http://documents.worldbank.org/curated/en/2006/12/16289179/zambia-report-observance-standards-codes-rosc-corporate-governance-country-assessment
dc.identifier.doi	10.1596/8198
dc.identifier.uri	https://hdl.handle.net/10986/8198
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	CAPITAL MARKET POTENTIAL
dc.subject	COMPANIES ACT
dc.subject	CORPORATE GOVERNANCE
dc.subject	CORPORATE GOVERNANCE ENFORCEMENT
dc.subject	SECURITIES ACT
dc.subject	SUSTAINED ECONOMIC GROWTH
dc.title	Corporate Governance Country Assessment : Zambia	en
dspace.entity.type	Publication
okr.date.disclosure	2012-05-29
okr.date.doiregistration	2025-05-07T09:14:18.076317Z
okr.doctype	Economic & Sector Work::Corporate Governance Assessment (ROSC)
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/2006/12/16289179/zambia-report-observance-standards-codes-rosc-corporate-governance-country-assessment
okr.globalpractice	Finance and Markets
okr.globalpractice	Governance
okr.globalpractice	Trade and Competitiveness
okr.guid	483401468350182244
okr.identifier.externaldocumentum	000333037_20120530004238
okr.identifier.internaldocumentum	16289179
okr.identifier.report	69159
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/30/000333037_20120530004238/Rendered/PDF/691590ESW0ROSC0Zambia0December02006.pdf	en
okr.region.administrative	Africa
okr.region.country	Zambia
okr.sector	Finance
okr.sector	Industry and trade
okr.theme	Financial and private sector development :: Corporate governance
okr.topic	Law and Development::Corporate Law
okr.topic	Finance and Financial Sector Development::Microfinance
okr.topic	Finance and Financial Sector Development::Debt Markets
okr.topic	Governance::National Governance
okr.topic	Private Sector Development::Emerging Markets
okr.unit	Corporate Governance - WB (FCMCG)
okr.volume	1 of 1