Corporate governance

Corporate finance and corporate governance in ASEAN economies


Corporate finance and corporate governance in ASEAN economies-cover


1 June 2023 



During the last two decades, ASEAN corporations have been part of global developments in the capital markets and been impacted by major changes, including:

  • the decreasing number of listed companies in advanced economies and the rise of Asian listed corporations
  • company groups structures
  • the increase in assets under management by institutional investors
  • investors’ increased consideration of sustainability-related risks and opportunities.

This report aims to take stock of main developments in capital markets and corporate governance in the region, to help inform the discussions on the review of the ASEAN Corporate Governance Scorecard (ACGS). The first chapter takes stock of the major trends and current state of the capital market landscape in the six ASEAN economies participating to the ACGS initiative, namely: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Viet Nam. The second chapter illustrates the corporate governance regulatory frameworks that relate to the main trends observed in capital markets in the region and also to the key issues considered under the revision of the G20/OECD Principles of Corporate Governance.


More OECD work on Corporate Governance in Asia



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