Business Ethics and Corporate Governance, Second Edition

WORLD BANK ON CORPORATE GOvERNANCE

The World Bank, both as an international development bank and as an institution, interested and involved in equitable and sustainable economic development worldwide, was one of the earliest international organizations to study the issue of corporate governance and suggest certain guidelines.

The World Bank Report on corporate governance recognizes the complexity of the very concept of corporate governance and focusses on the principles on which it is based. These principles such as transparency, accountability, fairness and responsibility are universal in their applications. The way they are put into practice has to be determined by those with the responsibility for implementing them. What is needed is a combination ...