Establishing sound corporate governance regime Ethiopia private banks

The standard of corporate governance in Ethiopia in general is very poor. The absence of an adequate legislative framework to regulate modern complex bank governance issues political parties' involvement in business enterprises, and the absence of an organized share market are among the characteristics of bank corporate governance in Ethiopia. Furthermore, there is a major credibility problem in the Ethiopian banking regulatory environment since the regulatory organ enforced rules discriminate between state and private banks. This book identifies the different aspects of bank corporate governance in Ethiopia such as ownership structures, board size and composition, accounting and auditing standards, succession planning, and their influence on bank performance by taking a sample of four private banks. By exploring best bank governance practices and international bank governance principles, this book recommends thorough reform and adoption or adaptation of good corporate governance principles in the Ethiopian banking sector.