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The Report examines the experience of a number of financial institutions and concludes that the financial crisis can be to an important extent attributed to failures and weaknesses in corporate governance arrangements. The risk management systems have failed in many cases due to corporate governance procedures rather than technical problems. Remuneration systems have amplified such risk management weaknesses. The responsibility for
OECD Secretary-General Angel Gurría has welcomed the decision by G7 Finance Ministers to work towards setting up a set of common principles on integrity, transparency and propriety in global financial and business transactions.
This meeting focused on finding solutions for detecting and curbing abusive related party transactions – one of the most serious corporate governances failures. Participants discussed policy options, including assessing strengths and weaknesses of various regulatory approaches, tightening enforcement and facilitating a change in culture and practice, particularly in the boardroom.
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This study of State-Owned Enterprises (SOEs) in India examines trends in SOEs shares of the national economy, sectoral distribution, listing on stock exchanges and internationalisation.
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This study of State-Owned Enterprises (SOEs) in China examines trends in SOEs shares of the national economy, sectoral distribution, listing on stock exchanges and internationalisation.
Mr. Gurría underlined that business ethics should be at the center of any new road-map for the global economy. Markets should not only be more stable, but morally acceptable as well. He said that it is time to reunite ethics and economics through a solid, transparent and updated set of rules.
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This paper addresses the challenges of overseeing the board and management of state-owned enterprises (SOEs) in the course of a privatisation process.
From 2000 to 2008, Eurasia Corporate Governance Roundtable assisted participating countries to develop policy responses using the OECD Principles of Corporate Governance as a conceptual framework.
This meeting in Mexico City provided an important opportunity to take stock of recent corporate governance-related developments in Latin America, particularly in the wake of the current global financial turmoil.
The 2008 meeting of the Companies Circle took stock of developments and considered whether there is a need to adjust thinking regarding approaches to corporate governance, in the wake of the current global financial turbulence.