Scandals of recent years, notably Enron, have created a more constrained corporate environment. Increasing public and stakeholder concern about the social and environmental impacts of business practices is forcing companies to come to terms with a much broader set of interests and expectations.

World Finance has selected the corporations who despite the difficult monetary climate have continued to achieve excellent levels of good governance; opting out of minimal disclosure and instead serving the best interests of their investors. Congratulations to the winners.

Best Corporate Governance in Austria
Telekom Austria

Best Corporate Governance in Bahrain
Mumtalakat Investments

Best Corporate Governance in Belgium
Solvay SA

Best Corporate Governance in Brazil
TOTVS S.A.

Best Corporate Governance in Canada
Nexen Incorporated

Best Corporate Governance in Colombia
ISA Colombia

Best Corporate Governance in Denmark
Danske Bank

Best Corporate Governance in Egypt
Mobinil

Best Corporate Governance in Estonia
AS Tallink Grupp

Best Corporate Governance in Finland
Rautaruukki Oyj

Best Corporate Governance in France
Credit Agricole

Best Corporate Governance in Germany
Bayer

Best Corporate Governance in Greece
OTE S.A.

Best Corporate Governance in Hungary
Magyar Telekom

Best Corporate Governance in India
Kotak Mahindra Bank

Best Corporate Governance in Italy
Atlantia S.p.A.

Best Corporate Governance in Mexico
Walmart de Mexico

Best Corporate Governance in Netherlands
Royal Phillips Electronics

Best Corporate Governance in Norway
Norsk Hydro

Best Corporate Governance in Portugal
Jeronimo Martins SGPS S.A

Best Corporate Governance in Qatar
Qtel

Best Corporate Governance in Russia
Rosneft Oil Company JSC

Best Corporate Governance in South Africa
Sappi Limited

Best Corporate Governance in Spain
Acciona SA

Best Corporate Governance in Sweden
Electrolux AB

Best Corporate Governance in Switzerland
Roche Pharmaceuticals

Best Corporate Governance in Thailand
Siam Cement Group

Best Corporate Governance in Turkey
Turkcell

Best Corporate Governance in UAE
Abu Dhabi Commercial Bank

Best Corporate Governance in UK
Vodafone PLC

Best Corporate Governance in USA
FedEx Corporation