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Accounting for Citizenship: Best Practices of Corporate Governance in Portugal Read chapter Read first chapter

2014 | OriginalPaper | Chapter

8. Corporate Governance Reform in Egypt: Achievements and Challenges Ahead

Author : M. Karim Sorour

Published in: Corporate Governance

Publisher: Springer Berlin Heidelberg

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Abstract

In the recent years, Egypt has committed itself to reform corporate governance, this was urged to increase investors’ confidence in the Egyptian business environment and accordingly attract more foreign investment. So far many developments have taken place regarding corporate governance reform but still many challenges do exist. This paper offers an analytical account of evolution of corporate governance in Egypt, and identifies the main deriving forces of this reform and the challenges ahead. Overall, this paper contributes to literature on international corporate governance, and offers policy makers the understanding that can better guide corporate governance reform in the future.

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Appendix
Available only for authorised users
Footnotes
1
The EIOD was established as an affiliate of the ministry of foreign trade, in 2003 its affiliation has changed to the ministry of investment and finally in 2011 it has changed once again to work under direct supervision of the Egyptian Financial supervision authority chairman.
 
2
This code was written by the chairman of the general authority for investment and free zones (GAFI) in cooperation with the chairman of Cairo and Alexandria stock exchanges. However, it was decided to submit the code to the EIOD for adoption and promotion amongst the business community (ECOCG 2005).
 
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Metadata
Title
Corporate Governance Reform in Egypt: Achievements and Challenges Ahead
Author
M. Karim Sorour
Copyright Year
2014
Publisher
Springer Berlin Heidelberg
Book
Corporate Governance

Print ISBN: 978-3-642-45166-9

Electronic ISBN: 978-3-642-45167-6

Copyright Year: 2014

DOI
https://doi.org/10.1007/978-3-642-45167-6_8