Corporate governance: Effectiveness of Zimbabwean hard law on blockholders’ protection

Abstract

The broad objective of this article is to scrutinize the effectiveness of hard law paraphernalia that are there present to protect blockholders of multilateral financial institutions in Zimbabwe. This article focused on descriptive documentary reviews of texts around financial institutions, judicial reports, and Statutory Acts. The study found and revealed that hard laws and regulations yes exist to protect blockholders but the challenge, however, was guaranteeing their enforcement making hard law highly unproductive therefore killing investor confidence in Zimbabwe. The results are quintessential for law enforcement agents, regulators of banks and mangers as they need to craft a quality effective management framework on the protection of blockholders’ equity which will attract foreign direct investment and that will promote the country’s economic development.