Affaires d'entreprises

Corporate governance, value creation and growth

 

   

Gabriela RamosConference on corporate governance, value creation and growth - Milan, 27-28 Oct 2014

Part of Italy’s Presidency of the Council of the European Union, the 15th edition of the European Conference on Corporate Governance takes places in Milan on 27-28 October 2014. 

Gabriela Ramos, OECD Chief of Staff and G20 Sherpa, and Pier Carlo Padoan, Italian Minister of Economy and Finance, will open the session dedicated to the corporate governance of public companies and SOEs. Find out more or register to attend

     
   

Corporate Bonds, Bondholders and Corporate Governance

Forthcoming - November 2014

Worldwide, corporate bonds have become an increasingly important source of financing for non-financial companies. This trend is reinforced by a decrease in traditional bank lending to non-financial companies and the historically low levels of bond interest rates. Just as shareholders, bondholders can play an important role in corporate governance by using both exit and voice. This report provides a comprehensive empirical overview of corporate bond issues since 2000 and discusses how the surge in bond issues will be coupled with increased governance engagement among bondholders. The report also analyses major trends in secondary bond markets, including the role of market makers and the relatively slow introduction of electronic trading systems. It suggests that bond investors overall in their search for higher expected returns have traded governance rights for higher expected returns. This shift also seems to be associated with higher risk taking. The report also concludes that the degree of governance engagement primarily is linked to the business model of the bond investor.


A key policy objective of corporate governance is to make sure that the financial sector can serve the needs of the real economy; that savings are available and effectively channeled to corporations that need capital for innovation, job creation and growth. Corporate governance is therefore an integral part of any policy for economic development and social progress. Today, however, the relevance of existing approaches to corporate governance are challenged by fundamental developments in financial markets and corporate practices. These changes include an increase in financial intermediation, the appearance of new instruments like exchange traded funds, larger private pools of capital, shifts in global wealth and a growing importance of human capital and intangible assets in individual firms.


The Corporate Governance, Value Creation and Growth Initiative was launched in 2013 by the OECD Corporate Governance Committee. This initiative addresses how better corporate governance policies can support corporate access to capital, value creation and economic growth. The work is carried out in close co-operation with policymakers, the business community, investors, academics and other key stakeholders. Special attention is being given to emerging markets. 

 

Key documents

Institutional Investors as Owners: Who are they and what do they do?, 2013

Who Cares? Corporate Governance in Today's Equity Markets, 2013

Making Stock Markets Work to Support Economic Growth, 2013

Corporate Governance, Value Creation and Growth: The bridge between finance and enterprise, 2012

 

Meetings

Roundtable on Equity Market Development and Corporate Governance in Emerging Markets
Istanbul, 16 January 2014

OECD-Assonime meeting on corporate governance, value creation and growth
Rome, 10 June 2013 

Roundtable on Corporate governance, value creation and growth
Istanbul, 1 February 2012

 

Institutional Investors as Owners Cover Page

Institutional Investors as Owners, 2013

 

Corporate governance working paper no.8 - 180 pixels wide

Who Cares? Corporate Governance in Today's Equity Markets, 2013

 

Corporate Governance Working Paper No.10: Making stock markets work to support economic growth

‌Making Stock Markets Work to Support Economic Growth, 2013

 

 Corporate Governance, Value Creation and Growth cover 150 pixels wide

Corporate governance, value creation and growth: the bridge between finance and enterprise, 2012

 

 

 

 

 

 

Also Available

Countries list

  • Afghanistan
  • Afrique du Sud
  • Albanie
  • Algérie
  • Allemagne
  • Andorre
  • Angola
  • Anguilla
  • Antigua-et-Barbuda
  • Antilles Néerlandaises
  • Arabie Saoudite
  • Argentine
  • Arménie
  • Aruba
  • Australie
  • Autorité Nationale Palestinienne
  • Autriche
  • Azerbaïdjan
  • Bahamas
  • Bahreïn
  • Bangladesh
  • Barbade
  • Belgique
  • Belize
  • Bermudes
  • Bhoutan
  • Bolivie
  • Bosnie-Herzégovine
  • Botswana
  • Brunéi Darussalam
  • Brésil
  • Bulgarie
  • Burkina Faso
  • Burundi
  • Bélarus
  • Bénin
  • Cambodge
  • Cameroun
  • Canada
  • Cap-Vert
  • Caïmanes, Îles
  • Centrafricaine, République
  • Chili
  • Chine (République populaire de)
  • Chypre
  • Colombie
  • Comores
  • Congo, La République Démocratique du
  • Corée
  • Corée, République Populaire Démocratique de
  • Costa Rica
  • Croatie
  • Cuba
  • Côte D'ivoire
  • Danemark
  • Djibouti
  • Dominicaine, République
  • Dominique
  • Egypte
  • El Salvador
  • Emirats Arabes Unis
  • Equateur
  • Erythrée
  • Espagne
  • Estonie
  • Etats Fédérés de Micronésie
  • Etats-Unis
  • Ethiopie
  • ex-République yougouslave de Macédoine (ERYM)
  • Fidji
  • Finlande
  • France
  • Gabon
  • Gambie
  • Ghana
  • Gibraltar
  • Grenade
  • Groenland
  • Grèce
  • Guatemala
  • Guernesey
  • Guinée Équatoriale
  • Guinée-Bissau
  • Guinéee
  • Guyana
  • Guyane Française
  • Géorgie
  • Haïti
  • Honduras
  • Hong Kong, Chine
  • Hongrie
  • Ile de Man
  • Ile Maurice
  • Iles Cook
  • Iles Féroé
  • Iles Marshall
  • Iles Vierges Britanniques
  • Iles Vierges des États-Unis
  • Inde
  • Indonésie
  • Iraq
  • Irlande
  • Islande
  • Israël
  • Italie
  • Jamaïque
  • Japon
  • Jersey
  • Jordanie
  • Kazakstan
  • Kenya
  • Kirghizistan
  • Kiribati
  • Koweït
  • l'Union européenne
  • Lao, République Démocratique Populaire
  • le Taipei chinois
  • Lesotho
  • Lettonie
  • Liban
  • Libye
  • Libéria
  • Liechtenstein
  • Lituanie
  • Luxembourg
  • Macao
  • Madagascar
  • Malaisie
  • Malawi
  • Maldives
  • Mali
  • Malte
  • Maroc
  • Mauritanie
  • Mayotte
  • Mexique
  • Moldova
  • Monaco
  • Mongolie
  • Montserrat
  • Monténégro
  • Mozambique
  • Myanmar
  • Namibie
  • Nauru
  • Nicaragua
  • Niger
  • Nigéria
  • Nioué
  • Norvège
  • Nouvelle-Zélande
  • Népal
  • Oman
  • Ouganda
  • Ouzbékistan
  • Pakistan
  • Palaos
  • Panama
  • Papouasie-Nouvelle-Guinée
  • Paraguay
  • Pays-Bas
  • Philippines
  • Pologne
  • Porto Rico
  • Portugal
  • Pérou
  • Qatar
  • Roumanie
  • Royaume-Uni
  • Russie, Fédération de
  • Rwanda
  • République du Congo
  • République Islamique d' Iran
  • République Tchèque
  • Sahara Occidental
  • Saint-Kitts-et-Nevis
  • Saint-Marin
  • Saint-Vincent-et-les Grenadines
  • Sainte-Hélène
  • Sainte-Lucie
  • Salomon, Îles
  • Samoa
  • Sao Tomé-et-Principe
  • Serbie
  • Serbie et Monténégro (avant juin 2006)
  • Seychelles
  • Sierra Leone
  • Singapour
  • Slovaquie
  • Slovénie
  • Somalie
  • Soudan
  • Soudan du Sud
  • Sri Lanka
  • Suisse
  • Suriname
  • Suède
  • Swaziland
  • Syrienne, République Arabe
  • Sénégal
  • Tadjikistan
  • Tanzanie
  • Tchad
  • Thaïlande
  • Timor-Leste (Timor Oriental)
  • Togo
  • Tokelau
  • Tonga
  • Trinité-et-Tobago
  • Tunisie
  • Turkménistan
  • Turks et Caïques, Îles
  • Turquie
  • Tuvalu
  • Ukraine
  • Uruguay
  • Vanuatu
  • Venezuela
  • Viêt Nam
  • Wallis et Futuna
  • Yémen
  • Zambie
  • Zimbabwe
  • Topics list