|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, 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.
Task Force on Enforcement
At its 2012 meeting, the Asian Roundtable established a Task Force on Enforcement to develop a good practices report on public enforcement and supervision in Asia. As a first step, the Task Force is 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.
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
, 25-26 October 2010, Delhi, India
, 25-26 May 2010, Kuala Lumpur, Malaysia
2009 Roundtable, 9-10 September 2009, Manila, Philippines
, 5-6 February 2009, Manila, Philippines
2008 Roundtable, Hong Kong, China
2007 Roundtable, Singapore
2006 Roundtable, Bangkok, Thailand
, 13 September 2006, Bangkok, Thailand
19-20 June 2006, Hong Kong, China
, Bali, Indonesia
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 (2012)
Brochure on corporate governance in Asia (2011)
Better Policies for Board Nomination and Election in Asia (2013)
, 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)