World Bank2012-06-152012-06-152006-06https://hdl.handle.net/10986/8143This report provides an assessment of Senegal'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 Senegal. The report identifies several key next steps that can be carried out in Senegal and that focus on implementation, including: (i) developing program to build awareness of the importance of corporate governance and to train directors in modern corporate governance principles; (ii) drafting a code of corporate governance; (iii) addressing governance weaknesses in the state-owned enterprises. A separate report reviews the special issues for the corporate governance of state-owned enterprises in Senegal; and (iv) revising the Organization for the Harmonization of Business Law in Africa (OHADA) uniform act for commercial companies (over the long term) to incorporate modern corporate governance principles.en-USCC BY 3.0 IGOACCESS TO CAPITALACQUISITIONACTIVE SECURITIESADMINISTRATIVE JUDGMENTARTICLES OF ASSOCIATIONASSET MANAGERSAUDIT COMMITTEEAUDIT COMMITTEESAUDITOR INDEPENDENCEAUDITSBALANCE SHEETBANKSBENEFICIAL OWNERBENEFICIAL OWNERSBOARD ELECTIONSBOARD MEETINGBOARD MEETINGSBOARD MEMBERBOARD MEMBERSBOARDS OF DIRECTORSBOURSEBREACH OF DUTYBROKERAGEBROKERAGE FIRMBROKERAGE FIRMSBUSINESS ENTITIESBUSINESS ETHICSBUSINESS LAWSBUSINESS OPPORTUNITIESCAPITAL MARKETCAPITAL MARKET DEVELOPMENTCAPITAL MARKETSCAPITAL STRUCTURESCENTRAL BANKCENTRAL DEPOSITORYCEOCHAMBER OF COMMERCECHARTERCHARTERSCIVIL LAW SYSTEMSCOMMERCIAL BANKCOMMERCIAL BANKSCOMMERCIAL LAWSCOMPANYCOMPANY INFORMATIONCOMPANY LAWCONFLICT OF INTERESTCONFLICTS OF INTERESTCONFLICTS OF INTERESTSCONTINUOUS DISCLOSURECONTROLLING SHAREHOLDERCONTROLLING SHAREHOLDERSCORPORATE ASSETSCORPORATE BOARDCORPORATE BODIESCORPORATE BONDSCORPORATE CITIZENSHIPCORPORATE GOVERNANCECORPORATE GOVERNANCE CODECORPORATE GOVERNANCE CODESCORPORATE GOVERNANCE FRAMEWORKCORPORATE GOVERNANCE FRAMEWORKSCORPORATE GOVERNANCE PRINCIPLESCORPORATE GOVERNANCE REFORMCORPORATE GOVERNANCE REFORMSCORPORATE SOCIAL RESPONSIBILITYCORPORATIONCORPORATIONSCOST OF CAPITALDEBTDISCLOSURE CONTROLDISCLOSURE OBLIGATIONSDISCLOSURE REQUIREMENTSDISCLOSURE STANDARDSDISSENTING SHAREHOLDERSDISTRIBUTION OF DIVIDENDSDIVIDENDDIVIDEND PAYMENTSDUE DILIGENCEDUTY OF CAREDUTY OF LOYALTYECONOMIC DEVELOPMENTECONOMIC PERFORMANCEEFFICIENT MARKETSEMERGING MARKETEMERGING MARKET COUNTRIESEMERGING MARKETSEQUAL TREATMENTEQUALITYEQUITY MARKETEQUITY MARKETSFINANCESFINANCIAL CRISESFINANCIAL DISCLOSUREFINANCIAL INSTITUTIONSFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL STATEMENTSFOREIGN COMPANIESFOREIGN EXCHANGEFULL DISCLOSUREGLOBAL CORPORATE GOVERNANCEGOOD CORPORATE GOVERNANCEGOVERNANCE ISSUESGOVERNANCE PRACTICESGOVERNANCE REGULATIONHARMONIZATIONINCOMEINDEPENDENT AUDITINDEPENDENT DIRECTORSINDEPENDENT OVERSIGHTINDIVIDUALSINSIDER TRADINGINSTITUTIONAL INVESTORSINSTITUTIONAL SHAREHOLDERSINSURANCEINTERNAL CONTROLSINTERNATIONAL ACCOUNTING STANDARDINVESTIGATIONINVESTINGINVESTOR CONFIDENCEINVESTOR PROTECTIONJUDICIAL SYSTEMJURISDICTIONLARGE COMPANIESLEGAL ENTITIESLEGAL ENVIRONMENTLEGAL FRAMEWORKLEGAL PERSONSLEGAL SYSTEMLEGAL SYSTEMSLIMITEDLIQUIDATIONMAJORITY SHAREHOLDERSMAJORITY VOTEMANAGEMENT OVERSIGHTMANAGERSMARKET CAPITALIZATIONMARKET INFORMATIONMARKET INSTITUTIONSMARKET MANIPULATIONMARKET PARTICIPANTSMARKET SURVEILLANCEMERGERMERGERSMINORITY SHAREHOLDERSMONETARY FUNDNUMBER OF SHAREHOLDERSOWNERSHIP RIGHTSPENSIONPENSION FUNDSPOLITICAL CONSIDERATIONSPOLITICAL DISTURBANCESPRIVATE COMPANIESPRIVATE ENTITYPRIVATIZATIONPROPERTY RIGHTSPROPORTIONAL REPRESENTATIONPROXYPUBLIC LIMITED COMPANIESPUBLIC PENSIONPUBLIC POLICYREFORM PROGRAMSREGULATORSREGULATORY AUTHORITYREGULATORY BODYREGULATORY FRAMEWORKREGULATORY REQUIREMENTSRETIREMENT SAVINGSRIGHTS OF SHAREHOLDERSSECURITIES LAWSECURITIES MARKETSECURITIES MARKETSSECURITIES REGULATORSHARE CAPITALSHARE OWNERSHIPSHARE PRICESSHARE RIGHTSSHAREHOLDERSHAREHOLDER AGREEMENTSSHAREHOLDER APPROVALSHAREHOLDER MEETINGSHAREHOLDER MEETINGSSHAREHOLDER RESOLUTIONSSHAREHOLDER RIGHTSSHAREHOLDER VALUESHAREHOLDERS MEETINGSTAKEHOLDERSTAKEHOLDERSSTAMP DUTYSTANDARD CONTRACTSTATE ENTERPRISESSTOCK EXCHANGESTOCK EXCHANGESSUBSIDIARIESTAKEOVERTENDER OFFERTRADESTRADING SYSTEMTRANSACTIONTRANSACTION COSTSTRANSPARENCYTURNOVERUNIONWEAK CORPORATE GOVERNANCEWORLD DEVELOPMENT INDICATORSWorld Bank10.1596/8143