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Europe has been beset by an interrelated banking crisis and sovereign debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser extent Portugal followed by Spain, have increased. This paper explores these issues from the perspective of financial markets, focusing mainly on the four countries in the frontline of these pressures: Greece and Portugal, on the one hand, where the problems are primarily fiscal in nature; and
This review of corporate governance in Chile describes the corporate governance setting including the structure and ownership concentration of listed companies and the structure and operation of the state-owned sector. It also examines the legal and regulatory framework and company practices.
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This paper provides a detailed chronological account of the governance-cum-management reform of National Pension Fund in Korea and analyzes its success factors, drawing lessons for other countries. A review of the current governance structures with the fund versus OECD guidelines and international good practice is also provided, along with suggestions for further reform.
The Chair of the OECD's Working Group on Bribery has expressed concern that the entry into force of the new Bribery Act is to be delayed.
The First Regional Experts’ Meeting of the Joint OECD/AfDB Initiative to Support Business Integrity and Anti-Bribery Efforts in Africa took place on 13 – 14 January 2011 in Lilongwe, Malawi, and officially launched the Joint Initiative.
Discussions at the Forum focussed on public debt objectives and the influence of macro-economic policies and financial stability; crisis experiences and lessons from the OECD area and emerging markets (including the measurement of sovereign risk); debt structure and risk metrics; as well as implications of new regulations for public debt management. . This annual forum is held under the aegis of the OECD Working Party on Debt
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This document contains the official text and commentaries of the 1997 Convention, the 2009 Recommendation of the Council for Further Combating Bribery and the 2009 Recommendation on the Tax Deductibility of Bribes to Foreign Public Officials.
The Latin American Corporate Governance Roundtable was established in April 2000. Roundtable participants come from countries such as Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Ecuador, Mexico, Panama, Peru, Spain, the United Kingdom, the United States, Uruguay and Venezuela.
Bid rigging costs governments and taxpayers billions of dollars every year. In 2011, the OECD will for the first time directly assist a member country, Mexico, as it implements tighter public procurement processes.
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This report was approved and adopted by the Working Group on Bribery in International Business Transactions on 16 December 2010.