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

dc.contributor.author World Bank
dc.date.accessioned 2012-06-19T17:49:13Z
dc.date.available 2012-06-19T17:49:13Z
dc.date.issued 2005-04
dc.description.abstract This 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.identifier http://documents.worldbank.org/curated/en/2005/04/6581762/nepal-report-observance-standards-codes-rosc-corporate-governance-country-assessment
dc.identifier.uri http://hdl.handle.net/10986/8443
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 ACCESS TO INFORMATION
dc.subject ACCOUNTABILITY
dc.subject ACCOUNTING
dc.subject ACCOUNTING STANDARDS
dc.subject AUDITING
dc.subject AUDITORS
dc.subject AUTHORITY
dc.subject AUTONOMY
dc.subject BANKING SYSTEM
dc.subject BANKS
dc.subject CAPITAL MARKETS
dc.subject CAPITALIZATION
dc.subject CHARTERED ACCOUNTANTS
dc.subject CITIZENS
dc.subject COMMERCIAL BANKS
dc.subject COMMON LAW
dc.subject COMPANY
dc.subject CONSULTATIVE PROCESS
dc.subject CORPORATE GOVERNANCE
dc.subject CORPORATION
dc.subject CORRUPTION
dc.subject COST OF CAPITAL
dc.subject COURT OF APPEALS
dc.subject DEPOSITS
dc.subject DISCLOSURE
dc.subject ECONOMIC DEVELOPMENT
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIC PERFORMANCE
dc.subject ENACTMENT
dc.subject ENFORCEMENT POWERS
dc.subject ETHICAL STANDARDS
dc.subject EXECUTION
dc.subject FINANCIAL CRISES
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL RESULTS
dc.subject FINANCIAL SECTOR
dc.subject FIRMS
dc.subject FOREIGN INVESTORS
dc.subject GOVERNANCE INSTITUTIONS
dc.subject GOVERNANCE REFORM
dc.subject GOVERNANCE REFORMS
dc.subject GOVERNMENT OWNERSHIP
dc.subject INDIVIDUAL ACCOUNTS
dc.subject INSOLVENCY
dc.subject INSTITUTIONAL INVESTORS
dc.subject INSURANCE
dc.subject INTERNATIONAL ACCOUNTING STANDARDS
dc.subject JUDICIARY
dc.subject LAWS
dc.subject LEGAL AUTHORITY
dc.subject LEGAL FRAMEWORK
dc.subject LEGISLATION
dc.subject LICENSING
dc.subject LIQUIDATION
dc.subject LISTED COMPANIES
dc.subject MERGERS
dc.subject MINISTRY OF FINANCE
dc.subject PENSIONS
dc.subject POLITICAL UNCERTAINTY
dc.subject PRIVATE COMPANIES
dc.subject PRIVATIZATION
dc.subject PRODUCTIVITY
dc.subject PROFITABILITY
dc.subject PROPERTY RIGHTS
dc.subject PUBLIC POLICY
dc.subject PUBLIC SECTOR
dc.subject REGULATORY AUTHORITY
dc.subject REGULATORY FRAMEWORK
dc.subject REGULATORY REQUIREMENTS
dc.subject RETIREMENT
dc.subject RULE OF LAW
dc.subject SAVINGS
dc.subject SHAREHOLDERS
dc.subject STATE OWNERSHIP
dc.subject STATE-OWNED ENTERPRISES
dc.subject SUBSIDIARIES
dc.subject TECHNICAL ASSISTANCE
dc.subject TRANSACTION COSTS
dc.subject TRANSPARENCY
dc.subject TRANSPARENT PROCEDURES
dc.subject VOTING
dc.title Nepal : Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment en
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs
okr.date.disclosure 2006-02-07
okr.doctype Economic & Sector Work :: Corporate Governance Assessment (ROSC)
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2005/04/6581762/nepal-report-observance-standards-codes-rosc-corporate-governance-country-assessment
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000160016_20060207104253
okr.identifier.internaldocumentum 6581762
okr.identifier.report 35167
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/02/07/000160016_20060207104253/Rendered/PDF/351670NP0Corpo1vernance0rosc1cg1nep.pdf en
okr.region.administrative South Asia
okr.region.country Nepal
okr.region.geographical Asia
okr.region.geographical South Asia
okr.sector Finance
okr.sector Industry and trade
okr.topic Finance and Financial Sector Development :: Microfinance
okr.topic Governance :: National Governance
okr.topic Banks and Banking Reform
okr.topic Small Scale Enterprise
okr.topic Governance :: Governance Indicators
okr.topic Industry
okr.unit Corporate Governance - WB (FCMCG)
okr.volume 1 of 1
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