Asia is rapidly growing into the world’s largest stock market. Today more than half of the world’s listed companies are from Asia. The magnitude of this change is reshaping the characteristics of the global capital market, which is also becoming more integrated. Consequently, OECD closely monitors these developments through an extensive programme that includes comparative data and analysis across a wide range of capital market issues, such as primary equity markets, corporate bonds, capital market structures and the activities of financial services providers. Based on the G20/OECD Principles of Corporate Governance that are endorsed by all economies hosting Asia’s largest stock markets, the OECD-Asia programme also hosts an ongoing multilateral dialogue to identify good practices, enhance private sector competitiveness and support a smooth integration of Asia’s growing capital markets into the global economy.

‌Good Policies and Practices for Corporate Governance of Company Groups in Asia (March 2022)

Holding companies and private corporations are the largest owner of listed companies in a large number of Asian jurisdictions. While group structures can have advantages for company operations, they also raise important challenges with respect to corporate governance. Furthermore, Asian company groups often expand to other markets, especially in Asia. Considering these characteristics, Asian regulators face similar regulatory challenges, pointing to a need for sharing of how policy measures and practices can be adopted to remain effective. This report analyses developments in twelve jurisdictions and identifies seven areas of recommendations for corporate governance of company groups. These recommendations focus on issues related to risk management, governance policies, access to key information about activities of group companies, independent directors, permissible group structures, disclosure and controlling persons.

Other Publications

• OECD Corporate Governance Factbook
• Ownership structure of listed companies in India
• National corporate governance related initiatives during the COVID-19 crisis
• Duties and Responsibilities of Boards in Company Groups

OECD-Asia Roundtable on Corporate Governance

Established in 1999, the 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. 

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OECD-Asia Pacific Network on Corporate Governance of State-Owned Enterprises

In support of economic growth and competitiveness, the Network provides a forum to share experiences, identify good practices and develop recommendations for reform to improve state ownership practices and strengthen the corporate governance of SOEs. The OECD Guidelines on Corporate Governance of State-Owned Enterprises supports this work.

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Experts Forum on Corporate Governance in India

Experts Forum on Corporate Governance in Indonesia

OECD-Southeast Asia Corporate Governance Initiative 

(Cambodia, Laos, Myanmar, and Viet Nam)

Corporate Finance in Asia

OECD Equity Market Review of Asia

Stock exchanges in Asia have emerged as the world's fastest growing trading venues for listed stocks and several domestic investment banks in the region are becoming global actors. Launched in 2017, this annual review follows and analyses trends in Asian public equity markets.