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Corporate Governance of Banks in Developing Economies: Concepts and Issues T.G. Arun Institute for development Policy and Management University of Manchester Manchester tg.arun@man.ac.uk and J. D. Turner School of Management and economics Queens University Belfast BT7 1NN j.turner@qub.ac.uk Abstract This paper discusses the bodied presidential term of banking institutions in growing economies. This is an important issue apt(p) the essential role banks play in the fiscal systems of ontogeny economies and the widespread banking reforms that these economies have implemented. Based on a conjectural discussion of the corporate governance of banks, we educe that banking reforms can lonesome(prenominal) be fully implemented once a prudential regulatory system is in place. An integral part of banking reforms in developing economies is the privatisation of banks. We suggest that corporate governance reforms may be a prerequisite for the successful divestiture of government ownership. Furthermore, we also suggest that the increased competition resulting from the entrance of foreign banks may repair the corporate governance of developing-economy banks. 2 1.

Introduction Although the subject of corporate governance in developing economies has recently received a plenteousness of attention in the literature (Oman, 2001; Goswami, 2001; Lin, 2001; Malherbe and Segal, 2001), the corporate governance of banks in developing economies has been almost ignored by researchers (Caprio and Levine, 2002). Even in developed economies, the corporate governance of banks has only recently been discussed in the literature (Macey and OHara, 2001). In order to address this deficiency, this paper discusses some of the key concepts and issues for the corporate governance of banks in developing economies. The corporate governance of banks in developing economies is important for several(prenominal) reasons. First, banks have an overwhelmingly dominant position in developing-economy financial systems, and are... If you want to get a full essay, order it on our website: Ordercustompaper.com

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