This symposium brought together over 200 practitioners, regulators and industry participants to discuss the legal and regulatory insolvency frameworks and challenges of their application in the Middle East North Africa region.
Taking place in Bangkok on 20-21 May 2009, this year's meeting focussed on implementation of the Policy Brief on priorities and recommendations for improving the corporate governance of State-Owned Enterprises (SOEs) in Asia using case studies on good practice from around the Asia region.
The OECD is undertaking a review of the role of corporate governance in the financial crisis, focusing on monitoring, implementation and enforcement of standards and codes, as well as specific areas for improvement. An important part of this programme is to engage and seek advice from key stakeholders.
The economic crisis has generated an urgent need to restore confidence in our future and make the world economy stronger, cleaner and fairer. There is growing political consensus on the need to develop a set of common principles and standards in order to ensure a more stable and sustainable development of the global economy, according to the OECD Secretary-General.
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This paper portrays a picture of Corporate Governance in The United Kingdom, the United States of America and France in the banking sector being severely challenged in an extreme Financial Crisis that has seen household banking names run into trouble, some to fail and others to be taken into various degrees of national ownership. Corporate Governance is stretched to the extent that it is distressed and has been unable to cope with the
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The OECD has been developing a response to the crisis that is holistic, looking atfinancial market issues, and the wide variety of factors that led to damaging incentive structures, as well as the requirements for broader macro and fiscal policies. The crisis has led to a variety of emergency financial measures such as loans, guarantees, and nationalisations. For financial markets, the focus is on exit strategies that are consistent
This global consultation addressed the role of corporate governance in the financial crisis, focusing on monitoring, implementation and enforcement of standards and codes, as well as specific areas for improvement.
The IAIS-OECD issues paper on insurer corporate governance provides background on insurer corporate governance, describes practices and identifies possible regulatory and supervisory issues. Comments received were considered in the preparation of a final version of the issues paper.
OECD has long been actively involved in promoting an international dialogue on privatisation and corporate governance of state-owned enterprises. Representatives from both OECD and non-member countries participate in the Global Network which provides a structured environment for initiatives to support improvements in the governance of SOEs and, where governments decide to privatise, ensure that it is done effectively.
Latin America has a major role to play in building a new international financial and economic system, since it has accumulated substantial experience in managing financial crises and recovery programs, according to the OECD Secretary-General.