Corporate Governance in the Insurance Industry in Zimbabwe

Corporate Governance in the Insurance Industry in Zimbabwe
Author: JOHN MUNGURE
Publisher: LAP Lambert Academic Publishing
Total Pages: 84
Release: 2011-04-01
Genre:
ISBN: 9783844324358

Download Corporate Governance in the Insurance Industry in Zimbabwe Book in PDF, Epub and Kindle

This research examines corporate governance as well as developing a preferred working definition for the term corporate governance that is adopted throughout the research. It then discusses key aspects of corporate governance. Survey evidence indicates that corporate governance is fairly understood in the insurance industry in Zimbabwe. Research findings further reveal that directors' remuneration is mainly a function of company performance and that to some extent Zimbabwean insurance companies are owner-managed. Other findings from the study suggest that enterprise- wide risk management is embraced by a few insurance companies and that boards are, to a great extent, chaired by non-executive directors who are not necessarily independent.Results of this study suggest that while an outright claim that insurance company collapses are wholly attributed to poor corporate governance is not well supported with empirical evidence at hand, it might be that in some cases corporate governance is not always put in practice by directors as well as it might be and could be that for some insurance companies more needs to be done.

Corporate Governance in the European Insurance Industry

Corporate Governance in the European Insurance Industry
Author: O. Ricci
Publisher: Springer
Total Pages: 254
Release: 2014-10-21
Genre: Business & Economics
ISBN: 113737604X

Download Corporate Governance in the European Insurance Industry Book in PDF, Epub and Kindle

Corporate scandals at the beginning of the 2000s and the recent global financial crisis have renewed the attention of academics, regulators and practitioners to agency problems and possible solutions in the financial sector. Since that time, much thought has been given to new regulations and international corporate governance standards, in an attempt to guarantee prudent and sound financial management. While much of this thought has been focussed on the banking sector, Corporate Governance in the European Insurance Industry provides a unique perspective on the subject, focusing on the insurance industry and asking some important theoretical and practical questions. Are insurance companies systemically relevant, and does the existing regulation provide adequate protection for customers and guarantee financial stability? Is regulatory intervention consistent with economic and financial theories? And crucially, is this intervention consistent with empirical evidence of the behaviour and performance of insurance companies? The first part of this book provides the reader with a comprehensive review of current academic studies on the topic; the second part moves on to examine the regulation of corporate governance and its recent evolution after the global financial crisis. Within a context of vivid debate in the financial services industry, the issues explored in this book will be of value to anyone with an interest in insurance corporate governance and regulation. It is also a key source of research for academics in insurance and finance, as well as PhD students and post-graduate students in relevant subjects.

Corporate Governance in Zimbabwe’s Public Entities

Corporate Governance in Zimbabwe’s Public Entities
Author: Nomsa Jane Moyo
Publisher: Routledge
Total Pages: 251
Release: 2022-01-31
Genre: Social Science
ISBN: 1000555216

Download Corporate Governance in Zimbabwe’s Public Entities Book in PDF, Epub and Kindle

This study focuses on the corporate governance initiatives, laws and regulations aimed at enhancing the effectiveness of boards of public entities in Zimbabwe. The key question addressed is whether or not the corporate governance initiatives and legal and regulatory reforms in Zimbabwe are sufficient to enable boards of public entities to effectively discharge their duties and meet internationally accepted corporate governance standards. A comparative analysis of Zimbabwe’s public entities corporate governance framework to that of South Africa (a developing country like Zimbabwe) and Australia (a developed country with similar common law heritage) is also conducted. Recommendations are made on how best to enhance the effectiveness of boards of public entities in order to promote good corporate governance practices in Zimbabwean public entities.

OECD Principles of Corporate Governance

OECD Principles of Corporate Governance
Author: OECD
Publisher: OECD Publishing
Total Pages: 42
Release: 1999-10-06
Genre:
ISBN: 9264173706

Download OECD Principles of Corporate Governance Book in PDF, Epub and Kindle

These principles of corporate governance, endorsed by the OECD Council at Ministerial level in 1999, provide guidelines and standards to insure inclusion, accountability and abilit to attract capital.

Financial Sector Governance

Financial Sector Governance
Author: Robert E. Litan
Publisher: Brookings Institution Press
Total Pages: 474
Release: 2004-05-13
Genre: Business & Economics
ISBN: 9780815752905

Download Financial Sector Governance Book in PDF, Epub and Kindle

A financial system is only as strong as the governing practices and institutions of its participants. The challenge to build efficient and accountable financial institutions that promote confidence is a problem that private financial sector executives and policymakers confront together. In this context, Financial Sector Governance takes a clinical approach to addressing the challenges in emerging and developed markets in each industry: capital markets, private banks, state-owned banks, asset management companies, public pension funds, and mutual funds. It also explores the linkages between public and private sector governance, and the policy implications for strengthening both sides. Financial Sector Governance emerges from the fourth annual Financial Markets and Development conference, organized by the World Bank, the International Monetary Fund and the Brookings Institution, during which participants from the public and private financial sectors of emerging and developed markets contribute to an expanding dialogue addressing key policy concerns.

Insurance and Issues in Financial Soundness

Insurance and Issues in Financial Soundness
Author: Nigel Davies
Publisher: International Monetary Fund
Total Pages: 45
Release: 2003-07-01
Genre: Business & Economics
ISBN: 1451856008

Download Insurance and Issues in Financial Soundness Book in PDF, Epub and Kindle

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.

Africa

Africa
Author: Paula Mitchell
Publisher:
Total Pages: 84
Release: 2001
Genre: Business & Economics
ISBN:

Download Africa Book in PDF, Epub and Kindle

Comparative Corporate Governance

Comparative Corporate Governance
Author: Andreas M. Fleckner
Publisher: Cambridge University Press
Total Pages: 1252
Release: 2013-07-11
Genre: Law
ISBN: 1107355117

Download Comparative Corporate Governance Book in PDF, Epub and Kindle

The business corporation is one of the greatest organizational inventions, but it creates risks both for shareholders and for third parties. To mitigate these risks, legislators, judges, and corporate lawyers have tried to learn from foreign experiences and adapt their regulatory regimes to them. In the last three decades, this approach has led to a stream of corporate and capital market law reforms unseen before. Corporate governance, the system by which companies are directed and controlled, is today a key topic for legislation, practice, and academia all over the world. Corporate scandals and financial crises have repeatedly highlighted the need to better understand the economic, social, political, and legal determinants of corporate governance in individual countries. Comparative Corporate Governance furthers this goal by bringing together current scholarship in law and economics with the expertise of local corporate governance specialists from twenty-three countries.