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?
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Abusive related party transactions – where a party in control of a company enters into a transaction to the detriment of non controlling shareholders – are one of the biggest corporate governance challenges facing the Asian business landscape. This publication provides options for monitoring and curbing such abusive related party transactions, focusing on disclosure and the board/shareholders approval system. It also looks into the
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
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This paper provides background on insurer corporate governance, describes practices and identifies possible regulatory and supervisory issues. It was developed jointly by the OECD and the IAIS.
Held in Bangkok on 17-18 July 2009, this event focused on 'Asian Insolvency Reforms following the Global Financial Crisis: Policy Responses and Opportunities' with an emphasis on the review of progress made by the Asian governments in reform implementation and in-depth discussion on the policy options for insolvency reform.
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
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Investment Newsletter No.10 focuses on the collapse of international investment flows in 2009, how the economic crisis has sharpened governments' focus on international investment policy, challenges for China's outward FDI as it continues to expand and a new risk mitigation facility for investment in Africa.
In his introductory remarks at the Paris Conference for Long-Term Value & Economic Stability, Angel Gurría talks about the importance of long-term investments and their capacity to help to bring back confidence and to achieve long-term sustainable development throughout the world
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This report describes why occupational pensions play a major role in OECD countries and worldwide, complementing retirement income from state sources. Their financial importance is highlighted by the volume of assets they manage on behalf of plan members, USD 22 trillion at the end of 2008. Population ageing has also led many OECD countries to undertake a wide range of pension reforms – the overall effect of which has been to reduce
Mats Isaksson answers questions about the corporate governance failures thrown up by the crisis in areas like executive pay and risk management and what needs to be done.