Corporate governance principles

OECD Asian Roundtable on Corporate Governance, 13-14 May 2008

 

Hong Kong, China - 13-14 May 2008

 

During the past decade, Asian economies have taken major steps to raise corporate governance standards to re-establish investors’confidence in Asian markets and re-open Asian companies’ access to global capital markets. This new dynamic presents Asian economies with a terrific opportunity to address any underlying challenges in their corporate governance frameworks. Particularly where there is a perceived gap between formal rules and actual practices. 

 

Participants focused on effective monitoring of related-party transactions, an issue which was first discussed at the Singapore meeting in 2007 and is still seen as one of the most serious breaches of good corporate governance around the world, including in Asia.The meeting introduced new work by the OECD on regulatory impact assessments. Information about recent initiatives by countries and organisations was shared, notably an overview of recent corporate governance developments in Hong Kong, China.

 

The roundtable was co-hosted by the Hong Kong Securities and Futures Commission, the Hong Kong Institute of Chartered Secretaries (HKICS) and the Hong Kong Institute of Certified Public Accountants (HKICPA), with financial support from the Japanese government

 

Documentation

Conclusions and Key Findings Note
Agenda
CNBC interview with Marcello Bianchi

 
Speakers' presentations
 

Session 1: Regulatory Discipline-Fostering Enforcement Mechanisms: The Regulatory Challenge

 Session 4:  Related party transactions : public disclosure in Asia

 Session 5 : Related party transactions : approval by boards and shareholders in Asia

Session 6: Related party transactions: fiduciary duties of boards and shareholder’s redress in Asia

  • Brief Introduction by Mr. Joseph McCahery, Professor of Corporate Governance, University of Amsterdam, Netherlands

 Session 7: Implementing the OECD Principles of Corporate Governance: New OECD work

 
 
Further reading

Asia: Overview of Corporate Governance Frameworks in 2007

White Paper on Corporate Governance in Asia

Find more about OECD Asian Roundtables on Corporate Governance and their history

 

 

 

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