Developing Corporate Governance Index for Vietnamese Banking System

Abstract

The purpose of this paper is twofold. Firstly, we propose a specific method with a detailed questionnaire with 60 questions, divided into five main components: Shareholders and general shareholders’ meeting; Board of directors; Supervisory board; Disclosure and transparency, auditing and Violations. Second, the method will then be applied to calculate the CGI for 40 Vietnamese commercial banks in three years 2010, 2011 and 2012. To our best knowledge, this is the first time that a questionnaire has been designed and applied to construct the CGI for the Vietnamese banking sector. And thirdly, statistical analysis has been performed to examine the characteristics of the results obtained from the questionnaire.