Corporate Governance & Development: New Report by IFC
Good corporate governance contributes to economic development in developing countries by helping private businesses improve their performance, gain greater access to finance, and lower their capital costs, according to a new report from IFC.
"Corporate Governance and Development: An Update," finds that improvements in corporate governance boost investment and help increase economic and productivity growth. Well-governed companies, moreover, tend to have less volatile stock prices in times of crisis.
The report also finds that stronger shareholder protections are correlated with the development of more sophisticated capital markets, which leads to greater access to financial services for small and medium enterprises and poorer people.
The report's target audience includes practitioners, capacity-building organizations, institutes of directors, governments, donors, advisors, academics, researchers, and media.