Indonesia hosts OECD Asia talks on corporate governance

JAKARTA (NNN-Bernama): Indonesia is hosting a two-day Organization for Economic Cooperation and Development (OECD) Asian roundtable, aiming at formulating a practical reform agenda and identify policy objectives to improve corporate governance in the region. 

The two-day discussion, beginning on Monday, garners policy makers from OECD

members and relevant international institutions, as well as China, China's Hong Kong, India, South Korea, Malaysia, Singapore, Thailand, Vietnam, the Philippines, Pakistan and Bangladesh.

The goal of the Asian roundtable is to support decision makers in their efforts to improve corporate governance in the region; China's Xinhua news agency quoted the OECD on Monday.

"This is achieved through informal peer review of corporate- governance policy frameworks and practices in the region, benefiting from international experience," the OECD said in the statement.

“Participants will share major developments and challenges, evaluate implementation and enforcement as well as discuss and analyze policy options to support viable and effective corporate governance reforms."

Indonesian Finance Minister Agus Martowardojo, OECD deputy- secretary general Richard Boucher and OECD corporate-governance committee chairman Marcello Bianchi will open the discussion.

Sessions are divided into six, including recent corporate- governance developments in Indonesia, corporate-governance reform in Asia (reaching a consensus), corporate-governance challenges in Asia and implementation of OECD principles of corporate governance.

The OECD is an international organization helping governments tackle economic, social and governance challenges in a globalized economy. -NNN-BERNAMA