Corporate affairs

OECD-Asian Roundtable on Corporate Governance

 

11 August 2014 - Related party transactions and minority shareholder protection in India presents the findings of an OECD dialogue with Indian stakeholders on policies to improve the monitoring and prevention of abusive related party transactions in India.

11-12 February 2014 - The 2014 OECD-Asian Corporate Governance Roundtable in Mumbai, India, focused on improving public supervision and enforcement in Asia, the governance and performance of listed SOEs, risks and opportunities for family-owned business groups and the revision of the OECD Principles of Corporate Governance.

4 October 2013 - Better Policies for Board Nomination and Election in Asia describes the current policy framework in Asia, summarises the challenges, and proposes policy options to improve the transparency of the board nomination and election process in order to reinforce the effectiveness of boards.

6 June 2013 - YBhg Datuk Ranjit Ajit Singh, Chairman of the Securities Commission Malaysia, speaks about the contribution of the Asian Roundtable to improving corporate governance in Asia.

5 June 2013 - ADB releases the first ever ASEAN Corporate Governance Scorecard which uses the OECD Principles of Corporate Governance as the main benchmark.

 

Established in 1999, the OECD-Asian Roundtable on Corporate Governance serves as a regional forum for exchanging experiences and advancing the reform agenda on corporate governance while promoting awareness and use of the OECD Principles of Corporate Governance. It brings together policy makers, practitioners and experts on corporate governance from the Asian region, OECD countries and relevant international organisations. The Roundtable:

  • conducts informal peer reviews of corporate governance policy frameworks and practices, benefitting from international experience
  • raises awareness of major developments and challenges
  • evaluates implementation and enforcement
  • discusses and analyses policy options to support viable and effective corporate governance reforms

A consensus roadmap for reform

In 2003, Roundtable participants agreed on an action plan for improving corporate governance in Asia: the White Paper on Corporate Governance in Asia. Since then, the White Paper has spurred a series of initiatives, including reviews of existing legislation, the adoption of international accounting standards, the establishment of institutes of directors, the introduction of codes of best practices and the setting up of investor associations.

Endorsed at the 2011 Roundtable meeting, Reform Priorities in Asia: Taking Corporate Governance to a Higher Level updates of the White Paper to to address emerging challenges in Asia's corporate governance landscape. This consensus report defines corporate governance reform priorities and makes recommendations that reflect the specific conditions and needs within Asia. It includes an overview of corporate governance frameworks in 13 Asian economies.

 

Asean Corporate Governance Scoreboard  

The OECD Principles of Corporate Governance were used as the main benchmark for developing the ASEAN Corporate Governance Scorecard (2012). The scorecard ranks the top listed companies in Malaysia, Philippines, Indonesia, Thailand, Singapore, Vietnam and is being adopted by each country as their own. The scorecard is perceived as a diagnostic tool to improve corporate governance standards, using an international benchmark, of ASEAN publicly listed companies. The OECD participated in developing the methodology, in cooperation with the ADB.

 

Taskforce on Enforcement

In 2012, the Asian Roundtable established a Taskforce on Enforcement to develop a good practices report on public enforcement and supervision in Asia. The Taskforce is currently engaged in conducting a survey of participating jurisdictions to determine the current practices and policies regarding public enforcement and supervision and identify the key challenges and obstacles. 

 

Events

2014 Roundtable, Mumbai, India, 11-12 February 2014

2013 Roundtable, Kuala Lumpur, Malaysia, 5-6 June 2013

2012 Roundtable, 24-25 October 2012, Tokyo, Japan

2011 Roundtable, 4-6 October 2011, Bali, Indonesia

2010 Roundtable, 15-16 December, Shanghai, China

Fighting Abusive Related Party Transactions: Workshop on Implementation, 25-26 October 2010, Delhi, India

Working Group Meeting of the Asian Roundtable on Corporate Governance, 25-26 May 2010, Kuala Lumpur, Malaysia

2009 Roundtable, 9-10 September 2009, Manila, Philippines

Task Force on Related Party Transactions, 5-6 February 2009, Manila, Philippines

2008 Roundtable, Hong Kong, China

2007 Roundtable, Singapore

2006 Roundtable, Bangkok, Thailand

Seminar on Corporate Governance Developments in Thailand, 13 September 2006, Bangkok, Thailand

Policy Dialogue on Corporate Governance in India (2006)

OECD, FSI, BIS Seminar on Corporate Governance for Banks in Asia, 19-20 June 2006, Hong Kong, China

2005 Asian Roundtable on Corporate Governance, Bali, Indonesia

Seminar on Corporate Governance Developments in Indonesia (2005)

Consultative Meeting on Corporate Governance in Viet Nam (2004)

2004 Asian Roundtable on Corporate Governance, Seoul, Korea

2003 Asian Roundtable on Corporate Governance,  Kuala Lumpur, Malaysia

2002 Asian Roundtable on Corporate Governance, Mumbai, India

2001 Asian Roundtable on Corporate Governance, Singapore

2000 Asian Roundtable on Corporate Governance, Hong Kong, China

Corporate Governance in Asia: A Comparative Perspective, 1999, Seoul, Korea

DOCUMENTS AND LINKS

Reform Priorities in Asia: Taking Corporate Governance to a Higher Level

Reform Priorities in Asia:
Taking Corporate Governance
to a Higher Level
 (2012)

 

Brochure on corporate governance in Asia (2014)

 

Related party transactions and minority shareholder protection in India (2014)

 

Better Policies for Board Nomination and Election in Asia (2013) 

 

Asian policy makers agree new priorities for corporate governance reform, 6 October 2011

 

Corporate Governance in Asia - Progress and Challenges (2011)

 

Guide on Fighting Abusive Related Party Transactions in Asia  (2009)

 

Asia: Overview of Corporate Governance Frameworks (2007)
- Tables on Corporate Governance Frameworks in Asia  [Japanese] (2007)

 

Implementing the White Paper on Corporate Governance in Asia (2006)

 

Policy Brief on Corporate Governance of Banks in Asia (2006)

 

White Paper on Corporate Governance in Asia (2003)

 

 

 

 

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