Sub-Saharan Africa (all income levels) | Protecting investors, director liability index
Director liability index measures a plaintiff’s ability to hold directors of firms liable for damages to the company, that is, measures the strength of minority shareholder protections against directors’ misuse of corporate assets for personal gain. The indicators distinguish 3 dimensions of investor protection: transparency of transactions (extent of disclosure index), liability for self-dealing (extent of director liability index) and shareholders’ ability to sue officers and directors for misconduct (ease of shareholder suits index). The data come from a survey of corporate lawyers and are based on company laws, court rules of evidence and securities regulations. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.
Publisher
The World Bank
Origin
Sub-Saharan Africa
Records
53
Source
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value
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Max
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|---|---|
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| 1985 | |
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| 1992 | |
| 1993 | |
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| 1995 | |
| 1996 | |
| 1997 | |
| 1998 | |
| 1999 | |
| 2000 | |
| 2001 | |
| 2002 | |
| 2003 | |
| 2004 | |
| 2005 | 3.08888889 |
| 2006 | 3.06521739 |
| 2007 | 3.10869565 |
| 2008 | 3.23913043 |
| 2009 | 3.34782609 |
| 2010 | 3.43478261 |
| 2011 | 3.54347826 |
| 2012 | 3.60869565 |
Sub-Saharan Africa (all income levels) | Protecting investors, director liability index
Director liability index measures a plaintiff’s ability to hold directors of firms liable for damages to the company, that is, measures the strength of minority shareholder protections against directors’ misuse of corporate assets for personal gain. The indicators distinguish 3 dimensions of investor protection: transparency of transactions (extent of disclosure index), liability for self-dealing (extent of director liability index) and shareholders’ ability to sue officers and directors for misconduct (ease of shareholder suits index). The data come from a survey of corporate lawyers and are based on company laws, court rules of evidence and securities regulations. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.
Publisher
The World Bank
Origin
Sub-Saharan Africa
Records
53
Source