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Corporate governance methodology

Full results | Activist investors set governance agenda

Euromoney surveyed targeted emerging market companies contained in one of the following categories as of 2003: the largest 500 companies as measured by market capitalization according to the MSCI Emerging Markets index; the following emerging market equity indices: Shanghai Composite (People's Republic of China); Hang Seng (Hong Kong); Seoul Composite (Korea); KLSE Composite (Malaysia); Philippine Stock Exchange (Philippines); Straits Times Index (Singapore); Taiwan SE Weighted Index (Taiwan); SET (Thailand); PX50 (Czech Republic); HEX Tallinn (Estonia); BUX (Hungary); BSE 30 (India); RIGA Stock Exchange (Latvia); National Stock Exchange of Lithuania (Lithuania);Wig 20 (Poland); RTS-I Interfax Index (Russia); ISE (Turkey); Merval (Argentina); Bovespa (Brazil); IPSA (Chile); IGCB (Colombia); IPC (Mexico); IGBVL (Peru); IBC (Venezuela); BSE (India); CASE 30 (Egypt); JSE (South Africa).

Replies were received from the 233 companies listed.

All surveys received were reviewed for completeness and content accuracy by Euromoney's research analysts. When necessary, companies were contacted directly in order to confirm information provided and to request documentation to support statements made on questionnaires.

Scores were calculated by assigning specific weights to each response, and by then compiling the numbers to produce a final score calculated to three decimal places.

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