Corporate Governance in Tanzania: Emerging Regulatory and Governance Issues in the Financial Sector | Book Publisher International
The emergence of corporate governance has tremendously improved the business working environment since its inception in the world, and in Tanzania, in particular. The dramatic change of social and economic environment is the fruits of the development of corporate governance around the world. The concept of corporate governance has attracted researchers’ attention over the last twenty years due to several factors which include the widespread of capitalism and the rapid speed of privatization; the growth of companies; deregulation, and the integration of capital markets and globalization; pension fund reforms and the growth of private savings; shareholder activism. Among the areas in the Tanzanian financial markets whose corporate governance contribution cannot be left unnoticed is the financial sector. During the last decade financial sector in Tanzania, particularly banking sector, has witnessed rapid changes in the socio- economic and technological settings which impacted on economi...