In the wake of the collapse of the Rana Plaza garment factory in Bangladesh in 2013, initiatives to strengthen regulation of global supply chains in the textile and garment sector have multiplied. Tackling the issues involved requires sustained collaboration among industry, government, worker organisations and civil society. This project aims to promote such collaboration as well as the harmonisation of existing standards in the sector.
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.
The first edition of this new flagship publication was launched in Paris on 24 June 2015. It looks at the way in which companies, banks, institutional investors and shadow banking intermediaries are operating in the low growth and low interest rate environment and the build-up of risks in the financial system.
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.
This Global Forum is held to strengthen international dialogue on responsible business conduct and provide a platform to exchange views on how to do well while doing no harm in an effort to contribute to sustainable development and enduring social progress. The 2015 Global Forum will focus on showcasing concrete examples of action and results-oriented solutions from efforts on the ground.
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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.