In recent times, the Mongolian Government and several non-governmental organizations in Mongolia have been focused on developing better corporate governance (CG) in Mongolian companies. Mongolian authorities have expressed great interest in and have shown commitment to improve corporate governance.
This independent survey of corporate governance practices in Mongolia is the first of its kind for Mongolia. It is intended to be a baseline survey to establish a starting point and which is expected to create awareness of and increase knowledge of corporate governance in Mongolia. It is likely to be used for future comparative purposes, measuring progress on corporate governance in Mongolia.
The survey of the state of corporate governance in the largest 20 Mongolian listed companies was devolved from publicly available data, data available to investors and related to the 2011 financial year. The data assessed is that which was available during 2011 and especially at the close of 2011. It also included any data that became available after 2011 relating to 2011 company activities. The review was undertaken in 2013.
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Related Materials:
Press Release: New IFC Report Urges Mongolian Companies to Improve Corporate Governance
Other stories on the Mongolia Corporate Governance Project (from the EAP Newsletter #2)