Corporate governance


The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis

This report provides an evidence-based overview of developments in capital markets globally leading up to the COVID-19 crisis. It then documents the impact of the crisis on the use of capital markets and the introduction of temporary corporate governance measures. Although the structural effects of the crisis on capital markets and its interplay with corporate governance remain to be fully understood, this report presents trends that can be used to shape policies that will support the recovery and formulates key policy messages that will guide the upcoming review of the G20/OECD Principles of Corporate Governance. The report emphasises that the road to recovery will require well-functioning capital markets that can allocate substantial financial resources for long-term investments. It also highlights the need to adapt corporate governance rules and practices to the post-COVID-19 reality, particularly in areas such as increased ownership concentration; environmental, social and governance (ESG) risk management; digitalisation; insolvency; audit quality and creditor rights.

Published on June 30, 2021

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Conclusions by the OECD Corporate Governance Committee
Acronyms and abbreviations
Executive summary
Key findings: Capital markets and corporate finance post‑COVID‑19
Trends in the corporate sector and capital markets pre‑COVID‑19
Corporate sector COVID‑19 measures by OECD and G20 governments
Capital market financing during the COVID‑19 crisis
The implications of COVID-19 for the corporate sector and emerging policy issues
Methodology for data collection and classification
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