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Protecting investors, director liability index by country

Director liability index measures a plaintiff’s ability to hold directors of firms liable for damages to the company, that is, measures the strength of minority shareholder protections against directors’ misuse of corporate assets for personal gain. The indicators distinguish 3 dimensions of investor protection:...

Countries reporting
50
Highest
9
Rwanda
Lowest
1
Guinea
Median
3.5
Years covered
8
2005–2012
Data points
455

What the numbers show

Protecting investors, director liability index is currently reported for 50 countries. The highest value is 9 in Rwanda; the lowest is 1 in Guinea.

The median across all reporting countries is 3.5, and the mean is 3.68.

The gap between the highest and lowest reporting country is a factor of about 9.

Protecting investors, director liability index: full country ranking

#Country LatestYear 10-year changeTrend
1 Rwanda 9 2012 up 80.0% rising
2 Mauritius 8 2012 unchanged flat
2 South Africa 8 2012 unchanged flat
2 Botswana 8 2012 up 300.0% volatile
2 Seychelles 8 2012 unchanged flat
6 Sierra Leone 7 2012 up 16.7% rising
6 Tunisia 7 2012 up 75.0% rising
6 Nigeria 7 2012 unchanged flat
6 Malawi 7 2012 unchanged flat
10 Angola 6 2012 unchanged flat
10 Sudan 6 2012 unchanged flat
10 Zambia 6 2012 unchanged flat
10 Madagascar 6 2012 unchanged flat
10 Burundi 6 2012 up 500.0% volatile
10 Algeria 6 2012 unchanged flat
16 Ghana 5 2012 unchanged flat
16 Eswatini 5 2012 up 400.0% volatile
16 Cape Verde 5 2012 unchanged flat
16 Namibia 5 2012 unchanged flat
16 Eritrea 5 2012 unchanged flat
16 Uganda 5 2012 unchanged flat
22 Lesotho 4 2012 up 300.0% volatile
22 Tanzania 4 2012 up 33.3% rising
22 Mozambique 4 2012 up 100.0% rising
22 Ethiopia 4 2012 unchanged flat
26 Democratic Republic of Congo 3 2012 unchanged flat
26 Mauritania 3 2012 unchanged flat
26 Egypt 3 2012 unchanged flat
29 Morocco 2 2012 unchanged flat
29 Kenya 2 2012 unchanged flat
32 Togo 1 2012 unchanged flat
32 Burkina Faso 1 2012 unchanged flat
32 Benin 1 2012 unchanged flat
32 Chad 1 2012 unchanged flat
32 Cote d'Ivoire 1 2012 unchanged flat
32 Cameroon 1 2012 unchanged flat
32 Central African Republic 1 2012 unchanged flat
32 Zimbabwe 1 2012 unchanged flat
32 Sao Tome and Principe 1 2012 unchanged flat
32 Congo 1 2012 unchanged flat
32 Comoros 1 2012 unchanged flat
32 Senegal 1 2012 unchanged flat
32 Niger 1 2012 unchanged flat
32 Mali 1 2012 unchanged flat
32 Gabon 1 2012 unchanged flat
32 Liberia 1 2012 unchanged flat
32 Equatorial Guinea 1 2012 unchanged flat
32 Guinea-Bissau 1 2012 unchanged flat
32 Gambia 1 2012 unchanged flat
32 Guinea 1 2012 unchanged flat

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

About this data

Indicator
Protecting investors, director liability index
Source
World Bank, Doing Business project (http://www.doingbusiness.org/)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
57 places, 455 data points, 2005–2012
Last refreshed

Director liability index measures a plaintiff’s ability to hold directors of firms liable for damages to the company, that is, measures the strength of minority shareholder protections against directors’ misuse of corporate assets for personal gain. The indicators distinguish 3 dimensions of investor protection: transparency of transactions (extent of disclosure index), liability for self-dealing (extent of director liability index) and shareholders’ ability to sue officers and directors for misconduct (ease of shareholder suits index). The data come from a survey of corporate lawyers and are based on company laws, court rules of evidence and securities regulations. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.