Over the past decade, Azerbaijan has made remarkable progress in reducing poverty and boosting shared prosperity. Poverty has fallen from nearly half the population in the early 2000s to about five percent in 2013.
Corporate governance refers to the structures and processes for the direction and control of companies. Corporate governance concerns the relationships among the management, Board of Directors, controlling shareholders, minority shareholders and other stakeholders. Good corporate governance contributes to sustainable economic development by enhancing the performance of companies and increasing their access to outside capital.