Results (
Thai) 2:
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Results on the 3 new indices highlight
great variation across the 189 economies
covered in the rights, responsibilities
and protections afforded to minority
shareholders, whether they are investing
in a nonlisted company or in a listed
one. The new data set brings attention
to areas of corporate governance that
are often overlooked by policy makers.
It also sheds light on the protection of
shareholders in nonlisted companies,
an aspect on which data are seldom
collected and yet that could prove to be
a particularly important area of legislation
and source of economic growth in
economies with less developed stock
exchanges and capital markets.
More generally, the new indices should
prove to be helpful in moving beyond
a focus on the regulation of relatedparty
transactions and identifying a
broader array of features that could be
lacking in the corporate law and securities
regulations of some economies—
contributing to sounder regulations
that both protect minority investors
and enhance entrepreneurs’ access to
equity finance.
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