Publication:
Nepal : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-19T17:49:13Z
dc.date.available2012-06-19T17:49:13Z
dc.date.issued2005-04
dc.description.abstractThis report assesses Nepal's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Nepal. Awareness of the importance of corporate governance is growing. The central bank has introduced higher corporate governance standards for banks and other financial companies as part of a wider program of financial sector reform. Accounting and auditing standards are being developed. And a number of draft laws have been prepared that if passed and implemented should deepen and accelerate the reform process. The legal framework contains large and significant gaps. Critical institutions, including the securities board and company registrar, have little resources or authority. Most importantly, political uncertainty and the current security situation have weakened the economy and delayed the passage of draft legislation. Passing the current draft legislation is the critical next step. Overall, reform should seek to enhance key institutions, better protect shareholder rights, enhance transparency, and increase the effectiveness of boards. This will require a combination of legislative change, action by regulators and the public sector, and can be aided by targeted technical assistance.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/04/6581762/nepal-report-observance-standards-codes-rosc-corporate-governance-country-assessment
dc.identifier.doi10.1596/8443
dc.identifier.urihttps://hdl.handle.net/10986/8443
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.subjectACCESS TO INFORMATION
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectAUDITING
dc.subjectAUDITORS
dc.subjectAUTHORITY
dc.subjectAUTONOMY
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITALIZATION
dc.subjectCHARTERED ACCOUNTANTS
dc.subjectCITIZENS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMON LAW
dc.subjectCOMPANY
dc.subjectCONSULTATIVE PROCESS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATION
dc.subjectCORRUPTION
dc.subjectCOST OF CAPITAL
dc.subjectCOURT OF APPEALS
dc.subjectDEPOSITS
dc.subjectDISCLOSURE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectENACTMENT
dc.subjectENFORCEMENT POWERS
dc.subjectETHICAL STANDARDS
dc.subjectEXECUTION
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL RESULTS
dc.subjectFINANCIAL SECTOR
dc.subjectFIRMS
dc.subjectFOREIGN INVESTORS
dc.subjectGOVERNANCE INSTITUTIONS
dc.subjectGOVERNANCE REFORM
dc.subjectGOVERNANCE REFORMS
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectINDIVIDUAL ACCOUNTS
dc.subjectINSOLVENCY
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectJUDICIARY
dc.subjectLAWS
dc.subjectLEGAL AUTHORITY
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLICENSING
dc.subjectLIQUIDATION
dc.subjectLISTED COMPANIES
dc.subjectMERGERS
dc.subjectMINISTRY OF FINANCE
dc.subjectPENSIONS
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectPRIVATE COMPANIES
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SECTOR
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REQUIREMENTS
dc.subjectRETIREMENT
dc.subjectRULE OF LAW
dc.subjectSAVINGS
dc.subjectSHAREHOLDERS
dc.subjectSTATE OWNERSHIP
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectSUBSIDIARIES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTRANSPARENT PROCEDURES
dc.subjectVOTING
dc.titleNepal : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessmenten
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2006-02-07
okr.date.doiregistration2025-05-07T08:44:02.410792Z
okr.doctypeEconomic & Sector Work::Corporate Governance Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2005/04/6581762/nepal-report-observance-standards-codes-rosc-corporate-governance-country-assessment
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid279161468062634544
okr.identifier.externaldocumentum000160016_20060207104253
okr.identifier.internaldocumentum6581762
okr.identifier.report35167
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/02/07/000160016_20060207104253/Rendered/PDF/351670NP0Corpo1vernance0rosc1cg1nep.pdfen
okr.region.administrativeSouth Asia
okr.region.countryNepal
okr.region.geographicalAsia
okr.region.geographicalSouth Asia
okr.sectorFinance
okr.sectorIndustry and trade
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicGovernance::National Governance
okr.topicBanks and Banking Reform
okr.topicSmall Scale Enterprise
okr.topicGovernance::Governance Indicators
okr.topicIndustry
okr.unitCorporate Governance - WB (FCMCG)
okr.volume1 of 1
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