International Finance Corporation2014-12-082014-12-082014-10https://hdl.handle.net/10986/20676This is a supplement to second IFC's toolkit: developing Corporate Governance codes of best practice. The focus of second toolkit is the development of codes of corporate governance. This supplement focuses narrowly on how to use scorecards to measure the observance and implementation of such codes. It does not cover the full panoply of governance assessment tools. This supplement provides practical guidance and a step-by step approach on how to develop a corporate governance scorecard. It also presents different approaches to scorings based on the experience of different scorecard users in different countries. This supplement is not intended to be a full manuscript of all the available tools or assessment techniques but more a guidance on various possible uses and applications of scorecards It is, however, intended to cover most of the issues that might confront any institution, regulator, stock exchange, and so on, that has in mind to develop a scorecard and to provide some practical guidance on how to approach those issues. This supplement provides practical guidance and a step-by step approach on how to develop a corporate governance scorecard. It also presents different approaches to scorings based on the experience of different scorecard users in different countries. The supplement also shows how scorecards are adapted to local circumstances and the local corporate governance framework.en-USCC BY-NC-ND 3.0 IGOACCOUNTABILITYASSET MANAGEMENTAUDIT COMMITTEESAUDITINGAUDITORSAUTONOMYBANK CREDITBANK LENDINGBANK OPERATIONSBANKING INDUSTRYBANKING LAWBANKING REGULATIONBANKING SECTORBANKING SUPERVISIONBANKING SYSTEMBOARD MEETINGSBOARD MEMBERSBUSINESS ASSOCIATIONBUSINESS ASSOCIATIONSBUSINESS CLIMATEBUSINESS COMMUNITYBUSINESS ETHICSBUSINESS PRACTICESCAPITAL MARKETCAPITAL MARKETSCENTRAL BANKCENTRAL BANKSCEOSCHAMBER OF COMMERCECHIEF EXECUTIVECIVIL SOCIETYCIVIL SOCIETY ORGANIZATIONSCOMPANYCOMPANY LAWCONFEDERATIONCONSENSUSCONSULTATIVE PROCESSCORPORATE BEHAVIORCORPORATE GOVERNANCECORPORATE GOVERNANCE CODECORPORATE GOVERNANCE CODESCORPORATE GOVERNANCE FRAMEWORKCORPORATE GOVERNANCE PRINCIPLESCORPORATE GOVERNANCE REFORMCORPORATE GOVERNANCE STANDARDSCORPORATE LAWYERSCORPORATE PERFORMANCECORPORATE SOCIAL RESPONSIBILITYCORRESPONDENT BANKSCOST OF EQUITYCREATION OF INSTITUTIONSDECISION MAKERSDECISION MAKINGDEVELOPING COUNTRIESDEVELOPMENT FINANCEDISCLOSUREDISCLOSURE REQUIREMENTECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC INCENTIVESECONOMIC RIGHTSEFFICIENT CAPITALEFFICIENT CAPITAL MARKETSEMERGING MARKETSENFORCEMENT POWERSENVIRONMENTAL ANALYSISEQUITY CAPITALEQUITY MARKETEQUITY MARKETSEXCHANGE COMMISSIONFAMILY BUSINESSESFAMILY FIRMSFINANCE CORPORATIONFINANCIAL ANALYSISFINANCIAL INTERMEDIARIESFINANCIAL MARKETSFINANCIAL PERFORMANCEFINANCIAL REQUIREMENTSFINANCIAL SERVICESFOREIGN BANKSFOREIGN PORTFOLIOFOREIGN PORTFOLIO INVESTMENTFUND MANAGERSGLOBAL CORPORATE GOVERNANCEGLOBAL STANDARDSGOOD CORPORATE GOVERNANCEGOOD GOVERNANCEGOVERNANCE CHALLENGEGOVERNANCE CHALLENGESGOVERNANCE ENVIRONMENTGOVERNANCE ISSUESGOVERNANCE PERFORMANCEGOVERNANCE PRACTICESGOVERNANCE RATINGSGOVERNANCE REFORMGOVERNANCE REFORMSGOVERNANCE SYSTEMSGOVERNMENT INSTITUTIONSHUMAN RESOURCESINDIVIDUALSINFORMATION TECHNOLOGYINSURANCEINTERNAL AUDITINTERNAL AUDIT FUNCTIONINTERNAL CONTROLINTERNAL CONTROLSINTERNATIONAL BEST PRACTICEINTERNATIONAL CORPORATE GOVERNANCEINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL INVESTORSLACK OF OWNERSHIPLAWSLEGAL PROVISIONSLEGAL REQUIREMENTSLEGAL SYSTEMLEGISLATIONLEGITIMACYLIMITEDLOCAL BANKSLOCAL BUSINESSLOCAL CAPACITY BUILDINGLOCAL CORPORATE GOVERNANCELOCAL GOVERNANCELOCAL INSTITUTIONLOCAL INSTITUTIONSMINISTERSMINISTRY OF FINANCEMINORITY SHAREHOLDERMINORITY SHAREHOLDER PROTECTIONNATIONAL ECONOMYNATIONSOPERATIONAL RISKOWNERSHIP STRUCTURESPOLITICAL INFLUENCEPRIVATE ENTERPRISESPRIVATE EQUITYPRIVATE SECTOR INVESTORSPROTECTION OF MINORITY SHAREHOLDERSPUBLIC COMPANIESREGIONAL INTEGRATIONREGULATORREGULATORSREGULATORY AUTHORITYREGULATORY COMPLIANCEREGULATORY FRAMEWORKREPRESENTATIVESREPUTATIONRIGHT OF SHAREHOLDERSRIGHTS OF SHAREHOLDERSRISK MANAGEMENTSECURITIESSECURITIES EXCHANGESECURITIES LAWSECURITIES REGULATORSECURITIES REGULATORSSHARE TRADINGSHAREHOLDERSHAREHOLDER RIGHTSSHAREHOLDERSSHAREHOLDERS RIGHTSSMALLER COMPANIESSOCIAL POLICYSOCIETIESSTAKEHOLDERSTAKEHOLDER MANAGEMENTSTAKEHOLDERSSTATE-OWNED ENTERPRISESSTOCK EXCHANGESTOCK EXCHANGESSTOCK MARKETSUBSIDIARYSUSTAINABLE DEVELOPMENTTRADE ASSOCIATIONSTRANSITION ECONOMIESTRANSPARENCYUNIONUNIVERSITIESVIRTUOUS CYCLEWORLD ECONOMY10.1596/20676