Corporate governance principles

Fighting Abusive Related Party Transactions in Asia: Workshop on Implementation


25-26 October 2010, Delhi, India 


The OECD-Asian Roundtable on Corporate Governance "Guide on Fighting Abusive Related Party Transactions" was released in September 2009. Most jurisdictions in Asia aspire to meet the Guide’s recommendations, but some countries are finding implementation a challenge. Investors remain concerned as to whether RPTs are fully reported so oversight of disclosure is essential.


Further to efforts by the Asian Roundtable Task Force to raise awareness, this workshop sought to gain maximum policy impact by bringing together frontline professional bodies and regulators responsible for implementing the Guide’s recommendations to consider challenges associated with implementation. Discussions focused on:   

  • Defining RPTs: Case studies and key implementation impediments
  • Discovering RPTs: Internal control process
  • Role of intermediaries and third parties: Is external audit control effective? What role can external auditors and financial analysts play?
  • Board oversight and approval: How should Boards consider RPTs?  Do they have sufficient information?
  • Legislative and regulatory approaches: What is the role of the regulator and stock exchanges? Defining what needs approval? How could regulators review RPTs?

The workshop was co-hosted by the Institute of Company Secretaries of India, with the participation of the Ministry of Corporate Affairs and the SEBI. Participants included internal and external auditors, directors, company secretaries, chartered accountants, securities regulators, stock exchanges, audit and standard setters, professional organisations, financial controllers and those responsible for industry education and enforcement. 


Any requests for additional information should be addressed to Ms Fianna Jesover, Senior Policy Manager ([email protected]).



  • Draft agenda   
  • Introduction to the Guide on Fighting Abusive Related Party Transactions in Asia, Fianna Jesover, OECD
  • Background document on related party transactions in Asia, Lee Kha Loon and Angela Pica, CFA Institute
  • Case studies of key implementation impediments, Lee Kha Loon, CFA Institute
  • Discovering related party transactions: Internal control processes, Gerry Cox, The Institute of Internal Auditors
  • Fighting Abusive Related Party Transactions in Asia, John Lim, Singapore Institute of Directors
  • Regulatory approach to related party transactions, Pradnya Saravade, SEBI, India
  • Shareholder's perspective on abusive related party transactions in Asia, Rakhi Kumar, Proxy Governance
  • Background Document, Pratip Kar, Global Corporate Governance Forum, International Finance Corporation
  • The epistomology of related party transactions, Lawrence S. Liu, China Development Financial Holding Corporation


Further reading




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