Framework for Bank Governance: a Proposed Framework for Bank Governance in Egypt: a Conceptual Framework

The Egyptian banking sector reform, as an integrated part of the economic reform, is the main reason behind the increasing demand for good corporate Governance in the Egyptian banking system. There is no single or international corporate governance system to be followed around the world. The developing countries, which are less advanced in the area of corporate governance, have to concentrate more on developing their own practices and prudent framework for corporate governance that fit their corporate sector characteristics. This research focuses on providing an overview of the Egyptian corporate governance codes and principles, given the significance of Egypt as an emerging market in the MENA region. Furthermore, the corporate governance debate in emerging and developing countries is reviewed and finally some recommendations and policy implications for the Egyptian banks is offered.