Amman, Jordan was ranked 125th on the 2019 Minority Investors Protection Index (MIPI) in the Ease of Doing Business (EDB) rankings issued by World Bank Group, shooting up 21 ranks.
In 2018, Jordan was ranked 146, according to the report, soaring 19 points from 2017, therefore moving up 40 points in the last two reports.
Jordan Securities Commission (JSC) Chief Commissioner, Mohammad Hourani, said that the 2017 instructions on corporate governance for listed shareholding companies was the reason behind the upward trend.
He said the instructions included all the reforms required by the experts who made the EDB report in accordance with the latest edition of principles of corporate governance issued by the Organization for Economic Co-operation and Development (OECD).
This will boost confidence in the investment climate in the financial market and national economy, he pointed out.
The instructions were issued according to Securities law no. 18 of 2017, which came into effect as of 22/05/2017, to meet the Apr. 2019 deadline for companies to correct their status, which is set by JSC.
Source: Jordan News Agency