This meeting, held in Paris on 2 December 2005, was organised by the OECD with the support of the Government of Japan.
The focus group was convened as a follow-up to the International Experts Meeting held in Istanbul in April2005, which launched the Global Network for Corporate Governance of Non-Listed Companies 1.
While the Istanbul meeting greatly contributed to a better understanding of global corporate governance challenges for non-listed companies, participants noted that many corporate governance issues concerning non-listed companies (NLCs) remain unresolved and further discussion/research are necessary in order to assess the conclusions and remarks made at the meeting.
It was suggested in Istanbul that key issues for follow-up, taking into account the diversity in geographic circumstances, should include:
the legal/regulatory framework,
transparency and disclosure, as well as
ownership structures and financing.
The focus group met in Paris in December 2005 to discuss these issues in order to advance thinking on specific aspects that should be examined in-depth.
The ultimate objective is to raise awareness amongst policy-makers on the challenges faced by NLCs and improve the quality/design of public policy to facilitate companies’ contribution to investment and economic growth.
Publication: Corporate Governance of Non-Listed Companies in Emerging Markets
General information on Corporate Governance of Non-Listed Companies