Corporate governance : improving competitiveness and access to capital in global markets : a report to the OECD /
by the Business Sector Advisory Group on Corporate Governance ; Ira M. Millstein ... [et al.].
Paris : Organisation for Economic Co-operation and Development ; 1998.
107 p. ; 23 cm.
A Look Inside
Main Description
In this report to the OECD, the Business Sector Advisory Group on Corporate Governance presents the perspectives that it believes should guide public policies related to corporate governance, suggests areas for private sector voluntary action and recommends further actions for the OECD.
Main Description
Through their impact on competitiveness and access to global capital markets, effective practices in structuring, controlling, and managing companies can encourage entrepreneurship, spur a country's economic growth, and expand employment. This report emphasizes that although corporate governance should remain mostly a prerogative of the companies and industries themselves, governments must provide a regulatory framework that allows them to adapt their governance practices to rapidly changing international circumstances. There is no model or static governance structure that every country or corporation should emulate: experimentation and variety should be expected and encouraged within the limits of regulations emphasizing fairness, transparency, accountability, and responsibility. Given this framework, the Business Sector Advisory Group on Corporate Governance presents perspectives that should guide public policies affecting corporate structure and control, suggests voluntary actions that companies can take to improve their governance, and recommends further actions by the OECD to create common principles guiding national policy reviews and reforms of governance.
Table of Contents
Letter from the Chairmanp. 7
Members of the OECD Business Sector Advisory Group on Corporate Governancep. 11
Secretariatp. 12
Overview, Public Policy Perspectives and Recommendations to the OECDp. 13
Defining the Mission of the Corporation in the Modern Economyp. 27
Ensuring Adaptability of Corporate Governance Arrangementsp. 33
Protecting Shareholder Rightsp. 39
Enabling Active Investingp. 55
Aligning the Interests of Shareholders and other Stakeholdersp. 61
Recognising Societal Interestsp. 67
Report from the OECD Business Sector Colloquium on Corporate Governancep. 77
OECD Business Sector Colloquium on Corporate Governance: Programmep. 87
OECD Business Sector Colloquium on Corporate Governance: List of Participantsp. 91
Partial Listing of Corporate Governance Guidelines and Codes of "Best Practice"p. 105
Table of Contents provided by Blackwell. All Rights Reserved.

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