World Bank2012-06-222012-06-222005-06https://hdl.handle.net/10986/8763This report assesses Poland's corporate governance policy framework, and its 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 Poland. The report updates the corporate governance ROSC carried out in 2001. Since the previous assessment, Poland has adopted new legislation, effectively promulgated a corporate governance code, and continued to develop strong regulatory and enforcement institutions. These improvements have resulted in a corporate governance framework that complies with many of the OECD Principles. The report identifies several potential problems and remedies, including: 1) insufficient regulation of the corporate governance activities of the pension funds; 2) weakness of the supervisory board; 3) problems in the delisting / squeeze-out process; and 4) insufficient approvals of related party transactions. This report also includes two detailed analyses of special policy topics: Annex 1 is an analysis of the Warsaw Stock Exchange Best Practices Code and options for compliance, and Annex 2 is an assessment of the corporate governance issues of state owned enterprises.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTABILITYACCOUNTING STANDARDSADMINISTRATIVE SANCTIONSAUDIT COMMITTEEAUDIT COMMITTEESBANKSBOARD MEMBERSBUSINESS ORGANIZATIONCAPITAL MARKETSCASH FLOWCODE OF ETHICSCOMMERCIAL BANKSCOMMERCIAL CODECOMMERCIAL PARTNERSHIPSCOMPANIES ACTCOMPANYCOMPANY LAWCONFLICT OF INTERESTCONFLICTS OF INTERESTCONFLICTS OF INTERESTSCONSENSUSCONTROLLING SHAREHOLDERSCORPORATE FORMSCORPORATE GOVERNANCECORPORATE GOVERNANCE CODECORPORATE GOVERNANCE CODESCORPORATE GOVERNANCE FRAMEWORKCORPORATE GOVERNANCE PRINCIPLESCORPORATE GOVERNANCE REFORMCORPORATE GOVERNANCE REFORMSCORPORATE ORGANIZATIONCORPORATE PERFORMANCECORPORATIONSCOST OF CAPITALCOUNCIL OF MINISTERSDECREESDISCLOSUREDISCLOSURE CONTROLDISCLOSURE REQUIREMENTSDOMESTIC COMPANIESDUE DILIGENCEECONOMIC DEVELOPMENTECONOMIC PERFORMANCEENFORCEABILITYENFORCEMENT POWERSEQUITY MARKETSETHICAL STANDARDSEXCHANGE COMMISSIONFINANCIAL CRISESFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL STATEMENTSFINANCIAL VULNERABILITYFIRMSFOREIGN INVESTMENTGOOD CORPORATE GOVERNANCEGOVERNANCE ISSUESINCORPORATEDINDEPENDENCE REQUIREMENTSINDEPENDENT AUDITINDEPENDENT AUDIT COMMITTEESINDEPENDENT DIRECTORSINSIDER TRADINGINSTITUTIONAL INVESTORSINSTITUTIONAL SHAREHOLDERSINVESTIGATIONINVESTMENT FUNDSINVESTOR PROTECTIONSJOINT STOCK COMPANIESJOINT STOCK COMPANYJOINT-STOCK COMPANYLEGAL FRAMEWORKLEGAL OBSTACLESLEGISLATIONLEGISLATIVE SOLUTIONSLIMITEDLIMITED LIABILITYLIMITED LIABILITY COMPANIESLIMITED LIABILITY COMPANYLISTED COMPANIESLITTLE ATTENTIONMAJORITY VOTEMARKET CAPITALIZATIONMARKET CONFIDENCEMINORITY SHAREHOLDERMINORITY SHAREHOLDERSOWNERSHIP CONCENTRATIONOWNERSHIP RIGHTSOWNERSHIP STRUCTUREPARTNERSHIPPRESIDENCYPRIVATE COMPANIESPRIVATE COMPANYPROPERTY RIGHTSPROXYPUBLIC COMPANIESPUBLIC COMPANYPUBLIC INFORMATIONPUBLIC OFFERINGPUBLIC OFFERINGSPUBLIC POLICYREGULATORY AUTHORITYREGULATORY FRAMEWORKREGULATORY OVERSIGHTREGULATORY REFORMREGULATORY REQUIREMENTSRIGHTS OF SHAREHOLDERSRULE OF LAWSECURITIES LAWSECURITIES LAWSSHARE CAPITALSHAREHOLDER CONTROLSSHAREHOLDER MEETINGSSHAREHOLDER PROTECTIONSHAREHOLDER RIGHTSSTAKEHOLDERSTAKEHOLDERSSTATE OWNED ENTERPRISESSTATE OWNERSHIPSTATE-OWNED ENTERPRISESSTOCK EXCHANGESTOCK EXCHANGESSUBSIDIARIESTAKEOVERTRANSPARENCYVOTINGWEAK CORPORATE GOVERNANCEWorld Bank10.1596/8763