Corporate Governance and Access to Finance - ESBG

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QUESTION18 How many board of directors members are appointed byOther stakeholders?(If relevant, please specify)19 How many members of the board of directors have a life mandate?20 How long is the average mandate of a board member?21 Is the CEO and the Chairman the same person in the institution?(mark 1 if the answer is yes, zero otherwise)22 Is the CEO of your institution a women? (mark 1 if the answer is yes,zero otherwise)23 What is the proportion of women in the board of directors ? (in %)24 What is the proportion of shareholders in the board of directors? (in %)25 How many times a year does the board of directors have a meeting(any type)?26 Years of experience of the General Manager/Managing DirectorIV. Financial Reporting27 Is it mandatory for your institution to report regularly to anymarket regulator?28 Does your institution have a rating from an agency?(mark 1 if the answer is yes, zero otherwise)29 Does the institution have internal audit? (mark 1 if the answer is yes,zero otherwise)30 Does the institution have external audit? (mark 1 if the answer is yes,zero otherwise)31 What is the Rating of your instituition given by an outside agency?V. Corporate Governance32 Does the institution have to follow an internal CorporateGovernance Code?(mark 1 if the answer is yes, zero otherwise)33 Does the institution has to follow an external Corporate Governance Code?(mark 1 if the answer is yes, zero otherwise)34 Does your institution publically informs about operations related todirectors and stakeholders (including shareholders)?35 Does your institution informs CEO and top executives salaries?ANSWER156
ANNEX 4:THE HONOHAN INDEX 43COMPOSITE MEASURE OF ACCESS TO FINANCIAL SERVICESAlbania 34 Cambodia 20Algeria 31 Cameroon 24Angola 25 Canada s 96Antigua & Barbuda 48 Cape Verde 40Argentina 28 Cent African Rep. 19Armenia s 9 Chile 60Austria s 96 China 42Azerbaijan 17 Colombia s 41Bahamas, The 53 Comoros 20Bangladesh 32 Congo, Rep. 27Barbados 56 Costa Rica 29Belarus 16 Cote d'Ivoire 25Belgium s 97 Croatia 42Belize 46 Cuba 45Benin 32 Cyprus s 85Bermuda 48 Czech Republic s 85Bhutan 16 Denmark s 99Bolivia 30 Dominica 66Bosnia & Herzeg. 17 Dominican Rep. 29Botswana 47 Ecuador s 35Brazil s 43 Egypt 41Bulgaria s 56 El Salvador 26Burkina Faso 26 Eritrea 12Burundi 17 Estonia s 8643 Note: ‘s’ means household survey data used; ‘b’ means fitted data using bank depositnumbers and not WSBI numbers.157
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BoxesBox 1. German Sparkassen 27Box
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EXECUTIVE SUMMARYBackground and obj
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nnAccess to Finance in enshrined in
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Chart A.Corporate Governance, Acces
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nThe study also shows that Corporat
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1. INTRODUCTION1.1. Focus and objec
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WSBI members are by definition acco
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For the particular case of developi
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2. THE LINK BETWEENCORPORATE GOVERN
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Table 2. Main features of the Missi
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Access to financeSparkassen promote
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All these examples illustrate how p
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In the case of Peru, the profits th
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Among the WSBI institutions that re
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BOX 2. KENYA POST OFFICE SAVINGS BA
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The fact that the banking system is
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3. CORPORATE GOVERNANCE -CONCEPTUAL
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Figure 2. Sound Governance of Finan
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As can be seen in the figure above,
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nnnAt the same time, the distance a
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The first two elements (the ownersh
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nHowever, this does not mean denyin
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Cooperatives are similar to mutuals
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3.4. FoundationsFoundations do not
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3.5. Good Corporate Governance prac
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F. DISCLOSURE AND TRANSPARENCYPrinc
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4. ACCESS TO FINANCE -CONCEPTUAL FR
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4.1. Financial deepening and improv
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The board does not have any executi
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In other words, sustainable financi
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The following table shows how the W
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The fourth dimension refers to the
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Table 8. Access to Finance in the f
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Only 27 members established in 21 c
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nnDCI (Depth of credit information
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5.2. Corporate Governance and Acces
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5.2.1. Corporate Governance and Ave
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Chart 8.Specific Corporate Governan
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5.2.2. Corporate Governance and Ave
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Chart 13. Corporate Governance comp
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Chart 16. Corporate Governance Inde
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Chart 19. Specific Corporate Govern
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ANNEX 1: REVIEW OFTHE LITERATUREThe
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Even among the relatively narrow un
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Figure A.1. Structure of agents' re
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The table captures the essence of s
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A case study built by Clarke et al
Page 105 and 106: A very recent contribution to the d
Page 107 and 108: For example, in Latin America, WSBI
Page 109 and 110: The paper examines whether a poor e
Page 111 and 112: For the survival of microfinance in
Page 113 and 114: ANNEX 2: CASE STUDIES 32CASE STUDY
Page 115 and 116: It is one of the major characterist
Page 117 and 118: Although Sparkassen are legally and
Page 119 and 120: Figure A.2. Corporate Loans Market
Page 121 and 122: Financial education is also an impo
Page 123 and 124: Corporate GovernanceKPOSB is wholly
Page 125 and 126: Among the initiatives that the gove
Page 127 and 128: Related to the concession of credit
Page 129 and 130: OPERATIONS1. Deposit Base: It was p
Page 131 and 132: Corporate GovernanceThe Central Ban
Page 133 and 134: To address the problem of capital,
Page 135 and 136: Financial inclusion ranges very hig
Page 137 and 138: CASE STUDY 4:SPANISH SAVINGS BANKS
Page 139 and 140: The uniform financial regulation of
Page 141 and 142: Figure A.3. Governing Bodies - Span
Page 143 and 144: The web-based tool www.rededucacion
Page 145 and 146: On the liability side, CMAC offer m
Page 147 and 148: A specificity of CMAC is that the m
Page 149 and 150: Table A.3.MissionMissionCMAC AREQUI
Page 151 and 152: As of September of 2009, the twelve
Page 153 and 154: Furthermore, the consensus culture
Page 155: ANNEX 3: QUESTIONNAIREQUESTIONI. Ge
Page 159 and 160: COMPOSITE MEASURE OF ACCESS TO FINA
Page 161 and 162: ANNEX 5:QUANTITATIVE RESULTSCountry
Page 163 and 164: Overall Corporate Governance IndexO
Page 165 and 166: REFERENCES- Andrianova, S., Demetri
Page 167 and 168: - FSD Kenya (2009), Financial Secto
Page 169 and 170: - World Bank (2006) The Role of Pos
Page 172: WSBI - ESBG - The Global Voice of S
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