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• Improves performance
With good corporate governance, companies can improve
their earnings potential
• Improves institutions
Lack of properly functioning private institutions and
corporations impacts on growth by limiting access to
equity financing and
The distribution of income within a society
4
Board functions
Reducing risk
Improving performance
Monitoring
Strategic guidance
6
Independent boards
Definition of independence
Cumulative voting
7
Board Committees
8
Board accountability to the company and its
shareholders
9
Director duties
•Duty of compliance
Other duties •Duty to act in good faith
•Duty of oversight
10
Quality of directors
Education
Voluntary codes
Compensation
Availability
Scarcity factor
Access to information 11
A few points of relevance for Eurasia
12
Recent corporate events and boards of directors
Integrity
Monitor risk
Warning signals
Transparency
* Non-Members not participating in OECD bodies take part in OECD meetings and activities
upon ad hoc invitations. 15
For More Information on Corporate Governance
www.oecd.org
elena.miteva@oecd.org
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