corporate governance while promoting awareness and use of the OECD Principles of Corporate Governance as well as the OECD Guidelines on Corporate Govern- ance of State-Owned Enterprises. In addition to being

that govern trading on its facilities is therefore an important element of the corporate governance framework. What traditionally were called “stock exchanges” today come in a variety of shapes and forms

shareholders acting in concert. The SEC has a large staff and pays competitive salaries The SEC is operation- ally independent, but reports to the govern- ment and MoF The SET is state owned and has broker