OECD convenes KL roundtable on corporate governance


  • Business
  • Wednesday, 26 Mar 2003

THE Organisation for Economic Cooperation and Development (OECD) is convening a roundtable of high-level regulators, experts and business leaders in Kuala Lumpur for three days beginning today to complete a white paper on corporate governance in Asia, according to a statement.  

Serving as a regional forum for corporate governance dialogue since 1999, the roundtable is organised by the OECD in partnership with the World Bank and the Global Corporate Governance Forum and sponsored by the Japanese government and the Asian Development Bank. 

Participants, who will be updated on developments and practices in Malaysia, will include 24 securities commission and stock exchange regulators from 12 Asian countries, as well as 25 regional and international business leaders and experts. 

The white paper on corporate governance in Asia is a non-binding, consultative document that builds on OECD principles of corporate governance and will contain common policy objectives and concrete reform proposals. Key issues include the capacity and integrity of enforcement bodies, protection of minority shareholders and conflicts of interest.  

Information about the OECD's work on corporate governance is available at www.oecd.org/daf/corporate-affairs. 

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