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Bali, Indonesia - 3-5 October 2011

Task Force on Board Nomination

4 October 2011 (pm) - Draft agenda (PDF)

Discussions at this meeting focused on prevailing weaknesses, specifically:

• Insufficient regular review of existing skills, knowledge and experience of boards
• Limited search process undertaken with over-reliance on existing network and known candidates
• Limited due diligence done on competence and qualification of candidates
• Lack of systematic evaluation of director performance
• Inadequate disclosure of relevant information on director candidates
• Lack of shareholder challenge in the context of concentrated ownership to boards to justify candidates proposed for election and re-election

OECD-Indonesia Policy Dialogue: Disclosure of Beneficial Ownership and Control

5 October 2011 - Draft agenda (PDF)

This meeting will focus on enhancing disclosure of beneficial ownership and control in Indonesia, specifically;

• how disclosure of beneficial ownership is handled by other jurisdictions
• the costs, benefits and practicality of various approaches in the Indonesian context
• options to better identify ultimate beneficial ownership and thereby to enhance the securities regulator’s capacity to monitor related party transactions

Contact information

Any requests for information should be addressed to Ms Fianna Jurdant, Senior Policy Manager, OECD Corporate Affairs Division (fianna.jurdant@oecd.org).

Further reading

• Corporate Governance in Asia - Asian Roundtable on Corporate Governance (pdf)
• Overview of the OECD-Asian Corporate Governance Roundtable
• Corporate Governance in Asia - Progress and Challenges, OECD 2011
• Guide on Fighting Abusive Related Party Transactions, OECD 2009 
• OECD Principles of Corporate Governance, OECD 2004 
• Asian White Paper on Corporate Governance, OECD 2003