Corporate Ownership and Control: Corporate Governance and Economic Development in Sri Lanka

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World Scientific, 2011 - Business & Economics - 410 pages
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The governance of companies is of importance to developing countries due to the link between effective corporate governance and economic development. Ownership and control of public companies, except in the US and UK, is often in the hands of a few individuals, families or corporate groups and impact on corporate governance and economic development.Using Sri Lanka as an illustrative example, Corporate Ownership and Control sets out the implications of corporate ownership and control structures on the governance of companies, and suggests a reform agenda to meet the challenges posed by such structures. Any analysis into the reform of corporate governance in developing countries should begin with a focus on the local market structures that define its adaptation and effectiveness. The issues explored in the book provide an insight into ownership and control structures in Sri Lanka, the costs and benefits of such structures, and the necessary reform framework to promote effective corporate governance. The analysis can be used to both understand the impact of ownership structures on corporate governance, and suggest how corporate governance issues arising from such structures should be resolved in order to promote economic development and growth.
 

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Contents

Introduction
1
The Nexus
9
CHAPTER 2 Corporate Ownership Control and Corporate Governance
39
CHAPTER 3 The Separation of Ownership and Control in Sri Lanka
65
CHAPTER 4 Determinants of Ownership and Control Structures in Sri Lanka
119
CHAPTER 5 Controlling Shareholder Systems and Corporate Governance
161
The Search for Reform
229
CHAPTER 7 The Role of Lenders in Controlling Shareholder Systems
259

Conclusion
345
Bibliography Acts Statutes and Rules
347
Bibliography Cases
350

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