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Evolution, not revolution! Corporate Governance Rating 2005 The third edition of the corporate governance rating by the Polish Forum for Corporate Governance, elaborated in cooperation with the daily Rzeczpospolita, shows that the level of corporate governance solutions in public companies becomes higher. This translates into promotion of particular companies up to higher rating categories and into lower investment risk in respect of corporate governance. In this year’s edition of the rating, the highest category A consisted of three companies, namely Bank BPH, Bank Zachodni WBK, and Agora.
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 Still much to be done: Corporate governance in Poland - International Journal of Disclosure and Governance (URL) |  |
Still much to be done: Corporate governance in Poland
source: IJDG author: Tamowicz P., Przybyłowski M.International Journal of Disclosure and Governance, Volume 3, Number 4, December 2006, pp. 306-316(11)
The development of public corporations and stock markets in Central Europe has led to the appearance of such fundamental governance problems as expropriation of minority shareholders, managerial myopia, tunnelling and others. The existing regulations and governance arrangements provided under privatisation schemes were unable to accommodate these deficiencies. The market response to that situation comprised bottom-up initiatives developed within the NGO sector (shareholders associations, best practice codes, governance-dedicated websites) and top-down reforms (corporate law adjustments, transposition of UE directives). One of the key elements of these reforms is how to make supervisory boards more independent (from the blockholders) and professional.
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