“The corporate governance of private equity backed-firms in OECD and non-OECD countries”
On the 22nd of June 2007, the Corporate Affairs Division organised in Paris an Experts Meeting on Private Equity, Corporate Governance and Non-Listed Companies with the support of the Government of Japan. The meeting gathered senior practitioners from family firms, private equity funds, private equity associations and law firms to discuss the challenges and opportunities for corporate governance in private equity-backed companies both in OECD and non-OECD countries, particularly what specific implications they have on public policy.
Main issues discussed include:
The Experts Meeting was convened as a follow-up to the kick-off International Experts Meeting held in Istanbul in April2005 and to the focus group meeting held in Paris in 2005 to further advance discussion on the specific role of private equity firms in the corporate governance of non-listed companies. The meeting also followed the statement by the OECD Steering Group on Corporate Governance on the benefits and possible weaknesses of private equity firms and activist hedge funds as corporate owners.