Thursday, April 17, 2008

Transparency and Shareholder Rights in Emerging Markets


For the last six years, Oxford Analytica provided the California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the United States, with original assessments of monetary transparency and fiscal transparency against IMF standards, for 27 emerging markets.

Oxford Analytica also provided evaluations of shareholder and creditor rights for the same countries, examining key corporate governance requirements such as the one-share, one-vote principle, as well as the rights of creditors during corporate reorganisations.

Assessments were based on primary research, analysis of legislation and regulations, and interviews with central bank and ministry of finance officials, independent experts, and private sector participants in those countries. The analysis was a key tool in CalPERS' decision-making for their emerging market investment allocation

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