Corporate Governance In Eritrea

TABLE OF CONTENTS
I. INTRODUCTION;
Statement of the Problem;
Research Questions;
Research Methodology;
CHAPTER I. WHAT IS A CORPORATION?;
I. Nature;
II. Basic Features of a Corporation;
1- Separate and Distinct Personality;
Il- Perpetual Existence;
111- Company is not an Agent or Trustee of the Shareholders;
IV -Limited Liability;
V-Transferability of Shareholders lnterest;
VI- Centralized Management;
III. The Purpose of a Corporation;
CHAPTER II: CORPORATE GOVERNANCE;
I. Introduction;
II. What is Corporate Governance?;
III. The Role of Corporate Governance;
IV. Actors in Corporate Governance;
CHAPTER III. SHAREHOLDERS AND CORPORATE GOVERNANCE;
I. Introduction;
II. Whether Shareholders own a corporation?;
III. Role of Shareholders in Governance;
IV. Factors that cause the Decline of the General Body Meetings Effectiveness;
V. Efforts to Improve the Role of Shareholders in Governance;
CHAPTER IV. BOARD OF DIRECTORS AND CORPORATE GOVERNANCE;
I. Introduction;
II. Directors as Agents;
III. Directors as Trustees;
IV. Directors' Duties;
A. Common Law Duties of Directors;
B. Statutory Duties;
V. Decline of the Corporate Board;
CHAPTER V. CORPORATE GOVERNANCE AND COMPANY ACCOUNTS;
I. Introduction;
II. Disclosure- Overview;
1. Nature;
2. Objectives of Disclosure;
III. Company Accounts;
IV. Indian Companies Act;
V. Accounting standards in India;
1. Introduction;
2. What are Accounting Standards');
3. Objectives of Accounting Standards;
VI. Accounting Standards in India;
A. The status of the standards-;
B. Disclosure of Accounting Policies;
C. Disclosures;
CHAPTER VI. CORPORATE GOVERNANCE: ERITREAN LAWS;
I. Introduction;
II. Shareholders and Corporate Governance;
i. Introduction;
ii. Shareholders Meeting;
iii. The Powers of General Meeting;
iv. Mode of calling;
III. The Board of Directors;
i. Introduction;
ii. Appointment and Removal of Directors;
iv. Remuneration;
v. Powers and Duties of Directors;
IV. Company Accounts;
V. The Practice in Eritrea;
i) ERITRUCKO Share Company;
ii) General Build.Er Share Company;
iii) NAKFA Corporation Share Company;
iv) A WET Agricultural and Industrial Share Company;
v) Gelltely Hankey & Co. (Red Sea) Share Company;
CONCLUSION AND RECOMMENDATIONS;
BIBLIOGRAPHY;
ANNEXURE 1: RELEVANT PROVISIONS OF THE TRANSITIONAL COMMERCIAL CODE.