The G20/OECD Corporate Governance Forum provided a platform for discussion among G20, OECD and Finacial Stability Board members on the ongoing review of the G20/OECD Principles of Corporate Governance. It built upon the work already undertaken on the review since its launch in November 2021, and informed the next steps of the process. Speakers included Indonesia’s Minister of Finance, Japan’s Minister of Finance and the OECD Secretary-General.
The G20/OECD Principles of Corporate Governance are the international standard for corporate governance. The Principles help policy makers evaluate and improve the legal, regulatory, and institutional framework for corporate governance. » More about the Principles
The review of the G20/OECD Principles aims to strengthen them by adapting relevant elements to the post COVID-19 environment, taking into account structural effects of the crisis on capital markets and corporate governance practices, as well as pre-existing trends. The revised Principles will aim to make the business sector more dynamic and resilient to future shocks, including by improving the management of environmental, social and governance (ESG) objectives and risks, and to improve companies’ access to finance from capital markets. » More about the review in the OECD Secretary-General’s second progress report to the G20 (July 2022) and here.
The Forum was co-organised by the OECD, Indonesian G20 Presidency, and the Financial Services Authority of Indonesia, in the margins of the G20 Finance Ministers and Central Bank Governors meeting.
Mr. Wimboh Santoso, Chairman of Board of Commissioners, Financial Services Authority (OJK), Indonesia
Update on the review of the G20/OECD Principles of Corporate Governance
Mr. Masato Kanda, Chair, OECD Corporate Governance Committee; Vice-Minister of Finance for International Affairs, Japan
Moderator: Mr. Carmine Di Noia, Director, Directorate for Financial and Enterprise Affairs, OECD
Session 2: The role of corporate governance in improving sustainability and resilience in the business sector (15:20-16:05 GMT +8)
Moderator: Ms. Masyita Crystallin, Special Advisor to the Minister of Finance of Macroeconomic and Fiscal Policy, Indonesia
Mr. Erick Thohir, Minister of State-Owned Enterprises, Indonesia
Session 3: Strong SOE governance for sustainable and inclusive development (16:15-17:00 GMT +8)
Moderator: Mr. Rabin Hattari, Assistant Minister for Industry, Ministry of State-Owned Enterprises, Indonesia