On Bank Governance in Developing Countries: Assessment of Egypt

Sorour, Karim, Howell, Kerry and Mishra, Atul (2012) On Bank Governance in Developing Countries: Assessment of Egypt. Interdisciplinary Journal of Economics and Business Law, 1 (3). ISSN 2047-8747

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Abstract

Although bank corporate governance is of paramount importance there has been less research and analysis of this area when compared with corporate governance research directed at non-financial organisations. While this problem is more evident in the corporate governance literature addressing developing countries, no previous research had assessed bank governance in Egypt. This is particularly worrying as a number of Egyptian bank failures were partially blamed on weak corporate governance. Moreover, as Egypt is a bank based country, banks have a fundamental role in the promotion of good corporate governance in the Egyptian business environment; obviously carrying out this role should mean that Egyptian banks be themselves models for good corporate governance. This paper aims to assess bank corporate governance reform in Egypt and identify further important reforms to enhance corporate governance practices within this vital sector of the Egyptian economy. Firstly, the paper discusses corporate governance emergence showing the importance of good corporate governance. Secondly, it defines corporate governance from a banking perspective and discusses particular reasons of importance in banking. Thirdly, the paper analyses how weak corporate governance led to the 1990s bank failures in the Egyptian Banking Sector (EBS). Finally, the paper assesses the Egyptian banking sector corporate governance reform efforts and concludes with further reforms required to enhance bank corporate governance in Egypt

Item Type: Article
Subjects: N200 Management studies
N400 Accounting
Department: Faculties > Business and Law > Newcastle Business School > Accounting and Finance
Depositing User: Karim Sorour
Date Deposited: 27 Mar 2013 14:39
Last Modified: 10 Aug 2015 11:00
URI: http://nrl.northumbria.ac.uk/id/eprint/11705

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