A first consultative meeting of the OECD-Indonesia Policy Dialogue took place on 5 October 2011, back-to-back with the annual meeting of the Asian Roundtable on Corporate Governance. The discussion focused on enhancing disclosure of beneficial ownership and control in Indonesia.
The financial crisis revealed severe shortcomings in corporate governance. When most needed, existing standards failed to provide the checks and balances that companies need in order to cultivate sound business practices.
This publication examines how effectively boards manage to align executive and board remuneration with the longer term interests of their companies. It focuses on board practices related to setting incentives and governing risks in 29 countries and includes in-depth reviews of Brazil, Japan, Portugal, Sweden and the United Kingdom.
In 2003, the Asian Roundtable on Corporate Governance produced recommendations to improve corporate governance in Asia, based on the OECD Principles of Corporate Governance. This report summarises the results of a stocktaking exercise to determine progress made to date and the challenges remaining in the implementation of these recommendations. Included in this book are valuable insights into corporate governance rules and practices of listed companies in Asia, notably: shareholder rights, the protection of non-controlling owners, transparency and disclosure, as well as the role of company boards.
For more than two decades, the world's economic growth and development was largely fuelled by globalisation-the opening up of financial and product markets, and the emergence of economies such as China, India and Brazil. This process was hit by an earthquake with the global financial crisis of 2008, an event which some have dubbed the “first crisis of globalisation”.
Speaking at the Institute of International and European Affairs, Mr. Gurría emphasized the OECD’s continued support of the G20, outlining our work on trade and investment, unemployment, and climate change in the wake of the financial crisis.
The financial crisis revealed serious shortcomings in corporate governance around the world. What lessons can companies and regulators learn from the crisis? And what role can they play in improving global governance standards to help rebuild trust and confidence in financial markets?
The OECD is working to help governments restore confidence and stability in the financial system, soften the impact of the recession and strengthen the global economy over the longer term. Its strategic response to the crisis covers two main areas: align regulations and incentives in the financial sector to ensure tighter oversight and risk management; review and upgrade national policies and improve international coordination to
The range of existing instruments listed and explained in this 190-page document, including policy recommendations, guidelines and principles of best practice, is extremely rich. Alongside OECD instruments such as the Anti-Bribery Convention, Principles of Corporate Governance and Guidelines for Multinational Enterprises, as well as standards and guidelines on everything from taxation and competition to development aid and public
The current economic crisis has exposed the deficiencies of economic global governance and the risk of having a highly integrated global economy with fragmented global economic decision-making and regulation. To improve our impact, we do need stronger, more inclusive and better coordinated international organisations, warned the OECD Secretary-General.