Protecting Investors

This topic measures the strength of minority shareholder protections against misuse of corporate assets by directors for their personal gain.

The table below shows the main indicators. They include:
  • transparency of transactions (Extent of Disclosure Index)
  • liability for self-dealing (Extent of Director Liability Index)
  • shareholders’ ability to sue officers and directors for misconduct (Ease of Shareholder Suit Index)
  • strength of Investor Protection Index (the average of the three index)
To see the details for a specific economy, use the dropdown box on the right or click on the links below. Click on column headers to sort data.

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Research

The Law and Economics of Self-Dealing (PDF, 816KB), by Djankov and others, Journal of Financial Economics, June 2008.
Region or EconomyExtent of disclosure index (0-10)Extent of director liability index (0-10)Ease of shareholder suits index (0-10)Strength of investor protection index (0-10)
Middle East & North Africa6.34.83.74.9
Sub-Saharan Africa4.83.35.14.4
Latin America & Caribbean4.05.36.05.1
Eastern Europe & Central Asia6.14.36.15.5
East Asia & Pacific5.14.66.35.3
South Asia4.34.36.45.0
OECD5.95.06.65.8
Djibouti5202.3
Iran, Islamic Rep.5403.0
Guinea6112.7
Morocco6213.0
Afghanistan0020.7
Cambodia5925.3
Costa Rica2523.0
Lao PDR0321.7
Oman8525.0
Senegal6123.0
Syrian Arab Republic6524.3
United Arab Emirates4724.3
Venezuela, R.B.3222.3
Vietnam6022.7
Yemen, Rep.6424.0
Benin6133.3
Botswana7836.0
Brazil6735.3
Congo, Rep.6133.3
Côte d'Ivoire6133.3
Gabon6133.3
Indonesia10536.0
Kosovo3232.7
Luxembourg6434.3
Mauritania5333.7
Niger6133.3
Rwanda7936.3
Serbia7635.3
Uzbekistan4634.3
Algeria6645.3
Austria3544.0
Bhutan5344.0
Burkina Faso6143.7
China10145.0
Congo, Dem. Rep.3343.3
Equatorial Guinea6143.7
Georgia8646.0
Haiti2343.0
Honduras0543.0
Iraq4544.3
Jamaica4845.3
Jordan5444.3
Macedonia, FYR9746.7
Mali6143.7
Qatar5645.0
Romania9546.0
Saudi Arabia9847.0
Spain5645.0
Sudan0643.3
Switzerland0543.0
Togo6143.7
Turkey9445.7
Zimbabwe8144.3
Albania8957.3
Bahrain8455.7
Burundi4153.3
Central African Republic6154.0
Chad6154.0
Chile7656.0
Comoros6154.0
Egypt, Arab Rep.8355.3
Eritrea4554.7
Ethiopia4454.3
France10155.3
Gambia, the2152.7
Germany5555.0
Greece1453.3
Guinea-Bissau6154.0
Kuwait7756.3
Lebanon9155.0
Malawi4755.3
Mexico8556.0
Nigeria5755.7
Seychelles4855.7
Suriname1052.0
Swaziland0152.0
Taiwan, China7455.3
Tajikistan6555.3
Timor-Leste3454.0
Uganda2554.0
Vanuatu5655.3
Angola5665.7
Argentina6264.7
Belize3464.3
Bolivia1564.0
Bosnia and Herzegovina3665.0
Cameroon6164.3
Cape Verde1564.0
Croatia1564.0
Ecuador1564.0
El Salvador5264.3
Estonia8365.7
Ghana7566.0
Guatemala3364.0
Guyana5565.3
Iceland5565.3
Italy7465.7
Liberia4163.7
Lithuania5465.0
Madagascar5665.7
Moldova7164.7
Mongolia5866.3
Montenegro5866.3
Namibia5565.3
Netherlands4464.7
Nicaragua4565.0
Paraguay6565.7
São Tomé and Principe3163.3
Sierra Leone6766.3
Thailand10767.7
Tunisia5565.3
Antigua and Barbuda4876.3
Australia8275.7
Bahamas, the2574.7
Bangladesh6776.7
Belgium8677.0
Bulgaria10176.0
Cyprus4475.0
Denmark7576.3
Dominica4876.3
Fiji3876.0
Finland6475.7
Grenada4876.3
Hungary2474.3
India7476.0
Kiribati6576.0
Korea, Rep.7275.3
Malaysia10978.7
Norway7676.7
Pakistan6676.3
Peru8576.7
Portugal6576.0
Russian Federation6275.0
Slovak Republic3474.7
Solomon Islands3775.7
Sri Lanka4575.3
St. Kitts and Nevis4876.3
St. Lucia4876.3
St. Vincent and the Grenadines4876.3
Sweden6475.7
Trinidad and Tobago4976.7
Ukraine5274.7
United Kingdom10778.0
West Bank and Gaza6576.0
Zambia3675.3
Armenia5285.0
Azerbaijan7586.7
Belarus5184.7
Brunei Darussalam3284.3
Canada8988.3
Czech Republic2585.0
Dominican Republic5485.7
Japan7687.0
Kyrgyz Republic8787.7
Latvia5485.7
Lesotho2183.7
Maldives0885.3
Marshall Islands2083.3
Micronesia, Fed. Sts.0082.7
Palau0082.7
Papua New Guinea5586.0
Philippines2284.0
Puerto Rico7687.0
Samoa5686.3
Slovenia3986.7
South Africa8888.0
Tanzania3485.0
Tonga3384.7
Uruguay3485.0
Colombia8898.3
Hong Kong, China10899.0
Ireland10698.3
Israel7998.3
Kazakhstan7195.7
Mauritius6897.7
Mozambique5496.0
Nepal6195.3
Panama1494.7
Poland7296.0
Singapore10999.3
United States7998.3
Kenya32105.0
New Zealand109109.7