Corporate Governance in Transition and Developing Economies: A Case Study of Brazil

Abstract

The World Bank has published a series of reports on corporate governance as part of its project on the Reports on the Observance of Standards and Codes (ROSC). The corporate governance principles in its ROSC Reports are benchmarked against the OECD’s Principles of Corporate Governance (OECD 2004). The main categories of principles are discussed below. This study focuses on the main corporate governance attributes of Brazil. The paper concludes with an extensive bibliography.

Keywords: corporate governance, transition economy, developing economy, ROSC, shareholders, transparency, disclosure, shareholder rights, Brazil

JEL Classification: G3, G34, G38, K22, M14, M16, O16, D23, G18, D21, O54