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Corporate governance, value creation and growth

This programme focuses on the pivotal role that corporate governance plays for ensuring that the financial sector can serve the needs of non-financial companies in terms of access to capital for innovation, value creation and growth.




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Legislation on responsible business conduct must reinforce the wheel, not reinvent it

This article by Roel Nieuwenkamp talks about the trend of hardening of soft law in the domain of responsible business conduct. It argues that legislative proposals related to existing international instruments should not seek to reinvent the wheel, but to reinforce it. Existing instruments that are widely recognised and proven to be effective and reasonable should represent a foundation for their legally-binding counterparts.




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Asia-Pacific conference on aligning corporate sustainability with sustainable development goals

With a focus on the Asia-Pacific region, this conference addressed what the Sustainable Development Goals will mean for business and how business sustainability strategies can be aligned to support their implementation.




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OECD Ministers reinforce importance of investment for strong, green and inclusive growth

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.




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China signs cooperation agreements with OECD and joins OECD Development Centre

In a historic visit by Chinese Premier Li Keqiang to the OECD in Paris, the People’s Republic of China today decided to enhance longstanding collaboration with the OECD and to join the OECD Development Centre.




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OECD Review of the Corporate Governance of State-Owned Enterprises in Colombia

This report evaluates the corporate governance framework for the Colombian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of the Republic of Colombia. It is based on a review involving all OECD countries.




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When businesses are bad, who you gonna call?

Most businesses are good. They pay their taxes, they create employment, they abide by the laws, and they generally contribute to the societies in which they operate. But what can be done when businesses behave badly? This blog discusses the National Contact Points, the unique grievance mechanism of the OECD Guidelines for Multinational Enterprises, and how could be improved to better fulfill their potential.




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How is corporate governance in Japan changing? Developments in listed companies and roles of institutional investors

OECD Corporate Governance Working Paper No.17. This report examines the influence of institutional shareholders and their activities towards good corporate governance, the historical changes to practices within shareholder meetings and the role that institutional shareholders have played in the improvement of corporate governance within Japanese listed companies.




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Implementing new international standards for compiling FDI statistics

In 2014, many countries implemented the latest international guidelines for compiling FDI statistics. The new standards have resulted in significant changes in FDI statistics, including new measures of FDI at the global level.




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New G20/OECD Principles of Corporate Governance will promote trust and improve functioning of financial markets

The G20/OECD Principles of Corporate Governance provide recommendations for national policymakers on shareholder rights, executive remuneration, financial disclosure, the behaviour of institutional investors and how stock markets should function.




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Workshop in Ukraine on responsible business conduct

The purpose of this workshop was to share information with the Ukrainian authorities about the obligations of governments under the OECD Declaration on International Investment and Multinational Enterprises related to the OECD Guidelines for Multinational Enterprises, one of four instruments of the Declaration.




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New G20/OECD Principles of Corporate Governance to promote trust and improve the functioning of capital markets in Asia

As part of continuing efforts to support market confidence and business integrity, the OECD has launched in Asia a new set of corporate governance principles that were endorsed at the G20 Finance Ministers meeting in September 2015.




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Do lower taxes encourage investment?

Conventional wisdom holds that countries with lower taxes attract higher levels of foreign direct investment (FDI). At first glance, this intuitive assumption seems to be supported by the evidence but is this true?. Pierre Poret, Deputy Director of the OECD Financial and Enterprise Affairs Directorate takes a closer look.




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6th Meeting of the OECD Network on the Governance of State-Owned Enterprises in Southern Africa

24-25 November 2015 – Victoria Falls, Zimbabwe: This meeting featured discussions on recent state-owned enterprise reforms across Southern African economies. It also included the presentation of a draft handbook on ethics and business integrity for use by governments as owners and by state-owned enterprises.




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Board practices and financing for Latin American state-owned enterprises - SPANISH

This report reviews current arrangements and trends in board nomination, size and composition, evaluation, training, induction and use of committees in Latin American SOEs. It also includes financing and budgeting. The countries covered are Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay, Peru and Uruguay.




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Board practices and financing for Latin American state-owned enterprises (SOEs)

This report reviews current arrangements and trends in board nomination, size and composition, evaluation, training, induction and use of committees in Latin American SOEs. It also includes financing and budgeting. The countries covered are Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay, Peru and Uruguay.




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2015 International Workshop on Responsible Mineral Supply Chains

This meeting will provide the opportunity to discuss the role of governments, international partners and businesses in promoting responsible mineral supply chains from conflict-affected and high-risk areas. Participants will learn first hand about international standards and approaches, and be able to ask questions to experts in supply chain due diligence implementation.




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The new G20/OECD Principles of Corporate Governance

Milan, Italy - 4 December 2015: Last month in Antalya, G20 Leaders endorsed the new G20/OECD Principles of Corporate Governance. This speech by OECD Deputy Secretary-General Rintaro Tamaki presents the objectives and the scope of corporate governance and an overview of the revised Principles.




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OECD Review of the Corporate Governance of State-Owned Enterprises in Lithuania

This report evaluates the corporate governance framework for the Lithuanian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of the Republic of Lithuania, reviewed by the OECD Working Party on State Ownership and Privatisation Practices and is based on discussions involving all OECD countries.




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Conference on improving women's access to leadership: What works?

Paris, 8 March 2016: Organised on International Women's Day, the OECD hosted a conference to consider policy approaches to closing leadership gender gaps in the public and corporate sectors.




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Launch of the Philippines investment policy review

Paris, 26 April 2016: OECD Deputy Secretary-General Douglas Frantz and Adrian Cristobal, Secretary, Department of Trade and Industry, Philippines, OECD Deputy Secretary-General Douglas Frantz and Adrian Cristobal, Secretary, Department of Trade and Industry, Philippines, will present reform successes and remaining challenges as well as strategies for promoting and supporting the recommendations in the report.




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What is blocking business investment and productivity growth?

21/05/2016 - It is seven years since the global crisis and despite easy monetary policy, financial regulatory reform, and G20 resolutions favouring structural measures, the world economy is not making a lot of progress. Adrian Blundell-Wignall gives a preview of what’s in the 2016 edition of the OECD Business and Finance Outlook.




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1st meeting of the Global Knowledge Sharing Network on Corporate Governance of State-Owned Enterprises

7-8 June 2016: This meeting of the Global Knowledge Sharing Network on Corporate Governance of State-Owned Enterprises provides an opportunity for policy makers from around the world to discuss priorities for SOE reform and to support implementation through knowledge sharing.




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State-Owned Enterprises in Asia: National Practices for Performance Evaluation and Management

This report provides an overview of national practices towards performance evaluation and management of state-owned enterprises in 11 Asian economies: Bhutan, People’s Republic of China, India, Indonesia, Kazakhstan, Korea, Myanmar, Pakistan, Philippines, Singapore and Viet Nam.




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The Policy Framework for Investment (PFI)

The Policy Framework for Investment (PFI) is a non-prescriptive tool for improving investment policy for development. It helps governments to design and implement policy reforms to create a truly attractive, robust and competitive environment for domestic and foreign investment.




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Roundtable on the OECD Guidelines for Multinational Enterprises and the Law

17 September 2016, Washington DC - This event brought together legal practitioners and experts to focus on how international standards on responsible business conduct are impacting legal practice as well as how legal tools can be used to strengthen ethical business practices throughout global supply chains.




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OECD-India work on corporate governance

This policy dialogue aims to deepen policy discussions between the OECD and key decision-makers in India. The first phase of the programme provides policy options on improving monitoring and prevention of abusive related party transactions.




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9th meeting of the Asia network on corporate governance of state-owned enterprises

The 9th meeting of the Asia network on corporate governance of state-owned enterprises took place in Seoul, Korea, on 6-7 December 2016. Participants discussed measures to strengthen transparency and disclosure in the state-owned enterprise sector.




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OECD Survey of Corporate Governance Frameworks in Asia - 2017

This Survey provides a unique consolidated snapshot of the legal, regulatory and institutional framework for the corporate governance of listed companies across 14 Asian economies: Bangladesh, China, Hong Kong (China), India, Indonesia, Korea, Malaysia, Mongolia, Pakistan, Philippines, Singapore, Thailand, Chinese Taipei and Viet Nam.




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New OECD due diligence guidance targets the garment and footwear sector

8/2/2017 - The OECD Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector will help enterprises to identify and prevent potential negative impacts related to human rights, labour, the environment and corruption in garment and footwear supply chains worldwide.




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Statement of OECD Secretary-General on the death of two members of the UN Group of Experts on the Democratic Republic of the Congo

“I am deeply saddened to learn about the tragic deaths of Michael Sharp and Zaida Catalan, members of the UN Group of Experts on the Democratic Republic of the Congo (DRC). On behalf of my Organisation, I wish to convey our condolences to their families and colleagues from the UN and beyond, who had the pleasure of working with them."




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Business brief: Towards renewal in our business culture

Brazil is steadily investing in the creation of rules and regulations to converge to governance standards already consolidated in developed countries. Complying with these international standards is indispensable if Brazilian companies intend to operate on a global scale.




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Corporate accountability is essential to human rights in the network society

The truth is that human rights are not sustainable, or in some places even possible, in today’s networked society unless public and private actors take responsibility. Governments and corporations alike must commit to design, manage, and govern technologies in a manner that is consistent with international human rights standards.




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Increased international co-operation on financial and corporate issues essential to making globalisation work for all

Globalisation has failed to create a level playing field in trade, investment and corporate behaviour, being one of the factors contributing to a backlash against openness in many countries and a decline in confidence in government institutions.




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For globalisation to work for all, you have to level the playing field first

30/05/2017 - Adrian Blundell-Wignall, Special Advisor to the OECD Secretary-General on Financial and Enterprise Affairs, argues that key corporate and financial issues must be addressed if globalisation is to work better for all. These issues are examined in the new 2017 OECD Business and Finance Outlook.




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State-owned enterprises, international investment and national security

More and more governments are introducing or enhancing screening mechanisms for inbound investment projects to identify and address perceived threats to national security, particularly investments by state-owned enterprises. What can be done to allow home and host societies to reap the benefits of international investment while addressing the security concerns that inhibit certain investments proposed by SOEs today?




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Disclosure and Transparency in the State-Owned Enterprise Sector in Asia: Stocktaking of National Practices

This report provides an overview of national approaches to disclosure and transparency in the state-owned enterprise (SOE) sector in nine Asian economies: Bhutan, India, Kazakhstan, Korea, Malaysia, Pakistan, Philippines, Thailand and Viet Nam.




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Adapting Global Standards to a Changing World

This essay by the OECD's Mats Isaksson and Serdar Çelik traces the evolution of global corporate governance standards and make the case for strong, clear, yet flexible public policy to support capital formation, economic stability, and growth. It is published by the Columbia Law School's Millstein Center for Global Markets and Corporate Ownership on the occasion of the Center’s 10-year anniversary.




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OECD Equity Markets Review of Asia

19/10/2017 - 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. This new annual review follows and analyses trends in Asian public equity markets.




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OECD Workshop on corporate disclosure and responsible business conduct

7 December 2017, Paris - This workshop addressed the growing demand for transparency and information on how companies deal with human rights, environmental, social and other "non-financial" issues with a particular focus on how companies are identifying and addressing impacts in their supply chains.




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Responsible Supply Chains in the Garment and Footwear Sector

In the wake of the collapse of the Rana Plaza garment factory in Bangladesh in 2013, initiatives to strengthen regulation of global supply chains in the textile and garment sector have multiplied. Tackling the issues involved requires sustained collaboration among industry, government, worker organisations and civil society. This project promotes such collaboration as well as the harmonisation of existing standards in the sector.




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Due diligence in Colombia’s gold supply chain: Where does Colombia's gold go?

This report is part of a series of assessments on Colombian gold supply chains and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. It analyses conditions of mineral extraction and related risks.




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OECD Investment Policy Review of Southeast Asia

This report builds on national reviews of seven countries in Southeast Asia. It looks at common challenges across the region and at the interplay between regional initiatives and national reforms.




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Professionalising Boards of Directors of State-Owned Enterprises: Stocktaking of National Practices

This report provides an overview of national practices to professionalise boards of directors by examining relevant legislation, policies and practices applicable to state-owned enterprises in a sample of OECD countries and developing and emerging economies.




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Managing Risk in the State-Owned Enterprise Sector in Asia

This report provides an overview of national approaches to risk management in the state-owned enterprise (SOE) sector in seven Asian economies (Bhutan, India, Korea, Pakistan, Philippines, Thailand and Viet Nam). It examines risk management requirements and practices at both the level of the state and at the level of individual enterprises.




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Alignment assessment of industry programmes with the OECD minerals guidance

The OECD Due Diligence Guidance is being used as the basis and benchmark by many industry initiatives created to ensure the responsible sourcing of minerals. This report presents the findings of a pilot alignment assessment of five industry programmes against the recommendations of the OECD Guidance to gauge the coherence, effectiveness and credibility of these initiatives.




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OECD Review of Corporate Governance of State-Owned Enterprises in Argentina

This report evaluates the corporate governance framework for the Argentinian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of Argentina. It is based on discussions involving all OECD countries.




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Countries commit to step up efforts to drive more responsible business conduct through new OECD instrument

Ministers from OECD and developing economies have committed to step up their efforts to promote responsible business conduct by companies in order to drive more inclusive and sustainable economic growth.




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OECD Guidelines for Multinational Enterprises National Contact Point Peer Reviews: Chile

Governments adhering to the OECD Guidelines for Multinational Enterprises are required to set up a National Contact Point (NCP) that functions in a visible, accessible, transparent and accountable manner. This report contains a peer review of the Chilean NCP, mapping its strengths and accomplishments and also identifying opportunities for improvement.




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OECD Guidelines for Multinational Enterprises National Contact Point Peer Reviews: France

Governments adhering to the OECD Guidelines for Multinational Enterprises are required to set up a National Contact Point that functions in a visible, accessible, transparent and accountable manner. This report contains a peer review of the French NCP, mapping its strengths and accomplishments and also identifying opportunities for improvement.