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Corporate Governance Corporate Governance in Estonia 2011.

Assessment and Recommendations Corporate governance framework Assessment Ensuring the Enforcement of Shareholder Rights and Equitable Treatment Timely and Reliable Disclosure In Accordance with Internationally Recognised Standards.Recommendations Corporate Governance Review Estonia’s corporate governance landscape The structure of ownership and control Ownership Institutional Investors Boards The corporate governance framework Legal framework Regulatory and institutional framework Overview of the SOE sector The legal and regulatory framework for SOEs Conclusions on the corporate governance landscape Ensuring a consistent regulatory framework The regulatory framework for corporations Equitable treatment of shareholders among state-owned enterprises Conclusions regarding the rights and equitable treatment of shareholders Disclosure of corporate information The regulatory framework covering disclosure SOE Disclosure and transparency Conclusions regarding transparency and disclosure Separation of ownership and regulation Exercising ownership rights over SOEs Conclusions regarding separation of ownership and regulation Ensuring a level playing field The role of the regulatory framework Conclusions regarding a level playing field Stakeholder rights and boards of directors Stakeholder rights The rights, duties and responsibilities of boards of directors SOE boards Conclusions regarding stakeholders and boards Conclusions Bibliography

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