This report evaluates the corporate governance framework for the Colombian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of the Republic of Colombia. It is based on a review involving all OECD countries.
The OECD updated the OECD Principles of Corporate Governance to ensure their continuing high quality, relevance and usefulness, taking into account recent developments in the corporate sector and capital markets.
With the world economy stuck in a low growth equilibrium, this is an opportune time to push responsibility to the forefront of our economies, to help put us on the path to stronger, greener and more inclusive growth.
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OECD work suggests that Slovenia’s model for economic growth has suffered from both corporate governance weaknesses and heavy reliance on state involvement in the economy. Despite some recent privatisation efforts, Slovenia’s degree of state ownership in the economy remains one of the highest in the OECD,
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The Japanese economy has for many years been characterised by a low corporate return on equity. Increasing returns requires better corporate governance that improves investment and the use of corporate resources, including cash holdings.
The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.
An updated version of the Policy Framework for Investment (PFI) was released in 2015. The update reflects new global economic fundamentals that have emerged over the last 10 years and takes into account the numerous lessons learnt through the use of the PFI, particularly in developing and emerging economies.
Reviews were launched in 2014 and are close to completion. The texts of the revised draft Principles and Guidelines are expected to be approved by the Corporate Governance Committee in May 2015.
The fourth meeting of the Latin American Network on Corporate Governance of State-Owned Enterprises focused on the accountability and transparency of SOEs in Latin America.