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.

Export to Excel | Local partners | Methodology

View Topic Details

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