Protecting minority investors: Extent of ownership and control index (0-7) (DB15-20 methodology) by country
The extent of ownership and control index measures the rules governing the structure and change in control of companies. This index has seven components: (i) whether the same individual cannot be appointed CEO and chairperson of the board of directors; (ii) whether the board of directors must include independent...
What the numbers show
Protecting minority investors: Extent of ownership and control index (0-7) (DB15-20 methodology) is currently reported for 131 countries. The highest value is 7 DB15-20 methodology in United Arab Emirates; the lowest is 1 DB15-20 methodology in El Salvador.
The median across all reporting countries is 4 DB15-20 methodology, and the mean is 4.12 DB15-20 methodology.
The gap between the highest and lowest reporting country is a factor of about 7.
Over the past decade 30 countries rose and 1 fell. The largest increase was in Bahamas (up 300.0%), and the largest decrease in Qatar (down 33.3%).
Protecting minority investors: Extent of ownership and control index: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | United Arab Emirates | 7 DB15-20 methodology | 2019 | up 75.0% | rising |
| 1 | Austria | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Bahrain | 7 DB15-20 methodology | 2019 | up 133.3% | rising |
| 1 | Colombia | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Georgia | 7 DB15-20 methodology | 2019 | up 250.0% | volatile |
| 1 | Croatia | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Pakistan | 7 DB15-20 methodology | 2019 | unchanged | flat |
| 1 | Serbia | 7 DB15-20 methodology | 2019 | up 16.7% | rising |
| 1 | Uzbekistan | 7 DB15-20 methodology | 2019 | up 133.3% | rising |
| 10 | Canada | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | China | 6 DB15-20 methodology | 2019 | up 100.0% | rising |
| 10 | Egypt | 6 DB15-20 methodology | 2019 | up 100.0% | rising |
| 10 | France | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Greece | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Indonesia | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 10 | India | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Jordan | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 10 | Kazakhstan | 6 DB15-20 methodology | 2019 | up 50.0% | rising |
| 10 | Kenya | 6 DB15-20 methodology | 2019 | up 100.0% | rising |
| 10 | Kuwait | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 10 | Sri Lanka | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Lithuania | 6 DB15-20 methodology | 2019 | up 50.0% | rising |
| 10 | North Macedonia | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 10 | Mongolia | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Malaysia | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Norway | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Saudi Arabia | 6 DB15-20 methodology | 2019 | up 200.0% | rising |
| 10 | Slovenia | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Sweden | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Thailand | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 10 | Türkiye | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Ukraine | 6 DB15-20 methodology | 2019 | up 100.0% | rising |
| 10 | South Africa | 6 DB15-20 methodology | 2019 | unchanged | flat |
| 10 | Taiwan | 6 DB15-20 methodology | 2019 | up 20.0% | rising |
| 35 | Argentina | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Bosnia and Herzegovina | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Belarus | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Switzerland | 5 DB15-20 methodology | 2019 | up 66.7% | rising |
| 35 | Cyprus | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Czechia | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Germany | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Denmark | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Spain | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 35 | United Kingdom of Great Britain and Northern Ireland | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Hong Kong | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Hungary | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Iceland | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Republic of Korea | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Latvia | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Morocco | 5 DB15-20 methodology | 2019 | up 66.7% | rising |
| 35 | Mexico | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Mauritius | 5 DB15-20 methodology | 2019 | up 66.7% | rising |
| 35 | Nigeria | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Netherlands | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | New Zealand | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Oman | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 35 | Philippines | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 35 | Singapore | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Slovakia | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Syria | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Uganda | 5 DB15-20 methodology | 2019 | unchanged | flat |
| 35 | Viet Nam | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 35 | Zambia | 5 DB15-20 methodology | 2019 | up 25.0% | rising |
| 64 | Antigua and Barbuda | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Bulgaria | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Bahamas | 4 DB15-20 methodology | 2019 | up 300.0% | volatile |
| 64 | Brazil | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Chile | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Dominica | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Israel | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Italy | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Jamaica | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Saint Lucia | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Republic of Moldova | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Malta | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Nepal | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Poland | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Portugal | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Russian Federation | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Trinidad and Tobago | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Tunisia | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 64 | Saint Vincent and the Grenadines | 4 DB15-20 methodology | 2019 | unchanged | flat |
| 83 | United States of America | 3.4 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Australia | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Belgium | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Bangladesh | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Bhutan | 3 DB15-20 methodology | 2019 | up 200.0% | volatile |
| 84 | Botswana | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Costa Rica | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Ecuador | 3 DB15-20 methodology | 2019 | up 50.0% | rising |
| 84 | Fiji | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Ghana | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Ireland | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Iran, Islamic Republic of | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Iraq | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Montenegro | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Namibia | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Romania | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 84 | Zimbabwe | 3 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Benin | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Burkina Faso | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Côte d'Ivoire | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Estonia | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Finland | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Guinea-Bissau | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Grenada | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Guyana | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Japan | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Luxembourg | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Mali | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Malawi | 2 DB15-20 methodology | 2019 | up 100.0% | rising |
| 100 | Niger | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Peru | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Papua New Guinea | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Qatar | 2 DB15-20 methodology | 2019 | down 33.3% | falling |
| 100 | Sudan | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Senegal | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Suriname | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Togo | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Tanzania, United Republic of | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 100 | Venezuela, Bolivarian Republic of | 2 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Bolivia, Plurinational State of | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Barbados | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Guatemala | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Honduras | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Saint Kitts and Nevis | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Lebanon | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Panama | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Puerto Rico | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | Palestine, State of | 1 DB15-20 methodology | 2019 | unchanged | flat |
| 122 | El Salvador | 1 DB15-20 methodology | 2019 | unchanged | flat |
About this data
The extent of ownership and control index measures the rules governing the structure and change in control of companies. This index has seven components: (i) whether the same individual cannot be appointed CEO and chairperson of the board of directors; (ii) whether the board of directors must include independent nonexecutive board members; (iii) whether shareholder can remove members of the board of directors without cause before the end of their term; (iv) whether the board of directors must have an audit committee; (v) whether a potential acquirer must make a tender offer to all shareholders upon acquiring 50% of Buyer; (vi) whether Buyer must pay declared dividends within a maximum period set by law; (vii) whether a subsidiary cannot acquire shares issued by its parent company. The index is computed based on the methodology in the DB15-20 studies.