Corporate Governance in the Middle East and North Africa
Meeting of the MENA-OECD Working Group on Corporate Governance
17-18 April 2019 - Paris, France
The MENA-OECD Working Group on Corporate Governance met at OECD Headquarters in Paris, France on 17-18 April 2019 to discuss capital market development, transparency and disclosure, gender balance in corporate leadership and SOE reform in the MENA region.
Corporate Governance in the MENA: Building a Framework for Competitiveness and Growth
15 April 2019 - This report assesses the corporate governance landscape in the MENA region by identifying challenges and proposing policy options for reform. The findings of the report are based on an analysis of policies and practices in four thematic areas: boosting access to finance and capital markets, improving transparency and disclosure, achieving gender balance in corporate leadership and enhancing the governance of state-owned enterprises in MENA.
About the Working Group
First established in 2005, the top priority of the MENA-OECD Working Group on Corporate Governance is to build a regional knowledge platform on corporate governance that promotes equity market development for growth companies, enhances transparency and disclosure, improves the corporate governance of state-owned enterprises and supports women’s participation in corporate leadership in the Middle East and North Africa. Supporting implementation of international standards embodied in the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises, participants in the Working Group share experiences that are adapted to the region’s policy reform priorities. These discussions benefit from comparative analytical work that supports reforms at national and regional levels. This approach promotes regional co-operation and mutual understanding amongst international and regional public institutions as well as the private sector.
The Initiative’s strategic orientations and policy priorities for the period 2016-2020 were endorsed at the 2016 MENA-OECD Ministerial Conference, where Ministers and senior government officials endorsed the Tunis Declaration. This has opened a new phase for the MENA-OECD Working Group on Corporate Governance.
The Working Group brings together representatives of relevant government ministries and agencies, stock exchanges, investors, state ownership entities and corporate practitioners in the MENA region as well as their peers from around the world.
About the MENA-OECD Initiative on Governance and Competitiveness for Development
The Working Group operates within the framework of the MENA-OECD Initiative on Governance and Competitiveness for Development. This initiative facilitates co-operation between the OECD and the MENA region to promote policies for sustainable and inclusive growth. The Initiative addresses regional needs and development priorities, and takes into account the region’s diversity by providing targeted support to participants, building on the OECD’s work method of policy dialogue, exchange of good practices and capacity building for the implementation of reforms.
Related OECD tools
- G20/OECD Principles of Corporate Governance
- OECD Guidelines on Corporate Governance of State-Owned Enterprises
|4-5 July 2018 | Portugal||MENA-OECD Working Group on Corporate Governance Meeting: Agenda | L'ordre du jour | Summary Note|
|12-13 December 2017 | Morocco||MENA-OECD Working Group on Corporate Governance Meeting: Agenda | Presentations|
|24 May 2017 | United Arab Emirates||OECD Workshop on Corporate Governance of SOEs in the MENA Region|
|3-4 October 2016 | Tunisia||MENA-OECD Ministerial Conference|
Publications and Key Documents
- Corporate Governance in MENA: Building a Framework for Competitiveness and Growth (2019)
- OECD Survey of Corporate Governance Frameworks in the Middle East and North Africa (2019)
- Corporate Governance in the Middle East and North Africa: Evidence and Priorities (2014)
- Guide on Related Party Transactions in the MENA Region (2014) English | Arabic
- Overview of Corporate Governance Codes and Guidelines in the Middle East and North Africa Region (2014)
- SOEs in the Middle East and North Africa: Engines of Development and Competitiveness? (2013)
For further information, please contact: Fianna Jurdant, Programme and Team Leader (Fianna.Jurdant@oecd.org)