Excerpt from article: Recently, the OECD has begun the process of considering updates to the OECD Principles. The OECD’s discussions will help frame the future of corporate governance-related reform efforts around the globe. It will likely echo the significant interest in Europe and other parts of the world in:
Expanding shareholder voting rights with respect to compensation and audit issues.
Enhancing disclosure.
Improving board diversity, specifically, gender diversity.
Encouraging corporate social responsibility.
Against this backdrop, this article explores:
Fundamental issues of corporate governance common to all publicly traded companies, regardless of jurisdiction.
The interrelated forces that are expanding expectations and pressures for boards.
Corporate governance areas that are likely to be discussed as the OECD undertakes a review of the OECD Principles.
Points that should guide the consideration of any revisions to the OECD Principles and of regulatory efforts generally to ensure that boards can remain focused on corporate strategy and performance.
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