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361684

An Integrated Framework of Good Corporate Governance in the Egyptian Stock Exchange

Article

Last updated: 04 Jan 2025

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Tags

إدارة الأعمال

Abstract

The importance of implementing good governance practices cannot be understated when it comes to the success of institutions, the national economy, and the political landscape. Building a strong foundation of good governance within the Egyptian stock exchange is crucial. This article aims to present a detailed framework of good governance mechanisms, such as enhancing governance structures, following regulations, being transparent, upholding shareholder rights, ensuring board effectiveness, managing risks, maintaining internal controls, and practicing ethical behavior. By incorporating this comprehensive framework, the overall governance system within the Egyptian Stock Exchange will see enhancements, resulting in greater transparency, accountability, and market efficiency. Ultimately, this will bolster investor trust and encourage more foreign investments in Egypt's economy. The strategies proposed in this article align with both local and international standards, stressing the importance of accountability. Emphasis is placed on independence, transparency, and safeguarding shareholders' interests to promote fair profit distribution and increase shareholder well-being. The board's role in corporate governance is emphasized, highlighting its duties in strategy formulation, risk assessment, and compliance with legal and ethical guidelines. The board plays a crucial role in promoting transparency and accountability within the Egyptian Stock Exchange, thus contributing to societal advancement. This all-encompassing framework acts as a roadmap for investors, regulators, and market participants to cultivate a just and efficient capital market environment in Egypt.

DOI

10.21608/jces.2024.361684

Keywords

good corporate governance, Egyptian Stock Exchange, Regulatory Framework, Risk Management, CSR

Authors

First Name

Ahmed

Last Name

Samir Abdelaziz

MiddleName

-

Affiliation

Head of Digital & Sustainable Business Economics Department College of Management & Technology Cairo, Arab Academy for Science, Technology & Maritime Transport

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City

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Orcid

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Volume

15

Article Issue

2

Related Issue

47543

Issue Date

2024-04-01

Receive Date

2024-04-01

Publish Date

2024-04-30

Page Start

633

Page End

664

Print ISSN

2090-3782

Link

https://jces.journals.ekb.eg/article_361684.html

Detail API

https://jces.journals.ekb.eg/service?article_code=361684

Order

66

Type

المقالة الأصلية

Type Code

986

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات التجارية والبيئية

Publication Link

https://jces.journals.ekb.eg/

MainTitle

An Integrated Framework of Good Corporate Governance in the Egyptian Stock Exchange

Details

Type

Article

Created At

24 Dec 2024