Survey reveals concerns and recommendations for improvement in the governance of emerging markets.
Emerging markets suffer from “malpractice” and “misconduct” that could have been avoided with better corporate governance, according to a report from IOSCO, the organisation for securities regulators around the world. The report, based on a survey of regulators and stakeholders in 30 jurisdictions, assessed the progress of emerging markets in their attempts to bring governance up to speed with global standards. IOSCO concluded that governance is improving. However, the report said: “...despite all the progress, there is still a significant number of malpractices and co