Reforming Corporate Governance in Ethiopia: Appraisal of Competing Approaches

Oromia Law Journal 3 (2014): 160-211

53 Pages Posted: 17 Jun 2013 Last revised: 26 May 2020

See all articles by Husen Tura

Husen Tura

University of Eastern Finland - School of Law

Abstract

This article assesses various approaches available to policy makers to reform the corporate governance in Ethiopia. It reviews competing models of corporate governance including shareholder model of common law and stakeholder model of European civil law; and the regulatory (formal or mandatory) and non-regulatory (informal or voluntary) approaches of corporate governance. It also critically analyses the suitability of such approaches to an emerging economy like Ethiopia. Although corporate governance is important for all types of business organizations including small and closely held companies in Ethiopia, this article is limited to publicly held share companies whose shares are dispersed among a number of shareholders which give rise to separation of ownership and control that in turn exposes them to agency cost.

Keywords: corporate governance; board of directors; minority shareholders rights; financial disclosure; commercial law, Ethiopia

Suggested Citation

Tura, Husen Ahmed, Reforming Corporate Governance in Ethiopia: Appraisal of Competing Approaches. Oromia Law Journal 3 (2014): 160-211, Available at SSRN: https://ssrn.com/abstract=2279886 or http://dx.doi.org/10.2139/ssrn.2279886

Husen Ahmed Tura (Contact Author)

University of Eastern Finland - School of Law ( email )

Joensuu
Finland

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