{"title":"Reforming Corporate Governance in Uzbekistan in Line with the Global Principles","authors":"Dr. Zufar Ashurov","doi":"10.5958/2319-1422.2017.00003.0","DOIUrl":"https://doi.org/10.5958/2319-1422.2017.00003.0","url":null,"abstract":"Today Uzbekistan, one of the independent Central Asian countries, has headed for reforming and improvement of corporate governance system, and as a result of implementing the reform program there have been introduced significant improvements in the country’s corporate governance system. Nevertheless, in spite of recent developments and improvements in the sphere of corporate governance we still do not know whether corporate governance practice is implemented in compliance with the global principles of corporate governance. The purpose of this paper is to analyze the compliance of corporate governance system of Uzbekistan, which has been formed out of the recent developments and implementation of current reform program, with the global principles of corporate governance, and work out recommendations and suggestions for further improvement of national corporate governance system in line with the global principles. Specifically, the paper identifies nature and extent of specific strengths and weaknesses in corporate governance of Uzbekistan to determine the further reform priorities leading to the improvement of corporate governance and economic performance in the country. The G20/OECD Principles of Corporate Governance is used as a benchmark for our analysis. At the end, the paper concludes that the country still has some weaknesses in corporate governance, and gives recommendations and suggestions as the measures to be undertaken for further improvement of national corporate governance system in line with the global principles of corporate governance.","PeriodicalId":236376,"journal":{"name":"CGN: Emerging Economies (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125181057","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Corporate Governance in Uzbekistan: A Special Focus on the Board's Supervisory Role Compared with German Practice","authors":"Dr. Zufar Ashurov","doi":"10.22495/CBV10I3ART6","DOIUrl":"https://doi.org/10.22495/CBV10I3ART6","url":null,"abstract":"Today, the topic of corporate governance has become vital for the most researches and scientific controversies. The corporate governance is now playing a key role in economic and social development of a country, and it has began to significantly matter for both industrialized and most of the developing countries. In the meantime, little is known for the world community about the state and problems of corporate governance in Uzbekistan. In this regard, in this paper we mainly address the present situation in Uzbek corporate governance as well as, as a special focus, make comparison of the Uzbek and German board’s supervisory role practices. This paper may be interesting for those who are not aware of the corporate governance in Uzbekistan and who would like to more or less know about it.","PeriodicalId":236376,"journal":{"name":"CGN: Emerging Economies (Topic)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127523999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}