Corporate Governance in Emerging Markets: Challenges and Best Practices                                                              

Amani Sarah Joyce

Faculty of Business and Management Kampala International University Uganda

ABSTRACT

This paper explores the evolving landscape of corporate governance in emerging markets, highlighting the unique challenges and opportunities that arise within these dynamic economies. As emerging markets gain prominence on the global stage, the need for robust corporate governance mechanisms becomes increasingly critical. This study examines the role of corporate governance in fostering sustainable economic growth, particularly in the context of transition economies in Central and Eastern Europe. It identifies key challenges, including the protection of minority shareholders, the influence of large conglomerates, and the role of domestic institutional investors. The paper also reviews best practices for improving corporate governance, emphasizing the importance of tailored approaches that consider the distinct institutional and market characteristics of emerging economies. Through case studies from Egypt and Latin America, the paper illustrates successful implementations of corporate governance reforms and provides practical insights for policymakers and investors seeking to enhance governance frameworks in these markets.

Keywords: Corporate Governance, Emerging Markets, Minority Shareholder Protection, Institutional Investors, Economic Transition.

CITATION: Amani Sarah Joyce. Corporate Governance in Emerging Markets: Challenges and Best Practices. Research Output Journal of Arts and Management, 2024 3(3):19-23.