The debate around corporate purpose intensified this year when the US Business Roundtable published a new ‘statement of purpose’ which relegated shareholders to just one of several key stakeholders. This post by Andrew Cave of Baillie Gifford examines what we mean by corporate purpose and why trust is a critical component.
Only one hundred companies produce over 70% of greenhouse gas emissions so they should also be responsible for taking action to address the impacts of climate change. On the occasion of the 2019 Responsible Business and Human Rights Forum, OECD's Cristina Tébar Less, looks at the actions business is expected to take. It is widely … Continue reading How can business meet its responsibility to address climate change?
The economies across the Middle East and North Africa region are looking to mobilise investment, private sector development and entrepreneurship to support economic growth and employment. The OECD's Fianna Jurdant shares some insights from a new OECD report on how sound corporate governance can help achieve this goal.
The privatisation of state-owned enterprises (SOEs) is complex and accompanied by multiple challenges. One of these challenges is how to manage the risk of corruption. OECD’s Mathilde Mesnard examines why privatisations of SOEs carry a risk of corruption and what the OECD is doing to help.
Seventy years after the adoption of the Universal Declaration of Human Rights, companies now have a responsibility to respect human rights. Christine Kaufmann and Roel Nieuwenkamp look at how companies should integrate this obligation into their company operations.
With Asian companies now the world’s largest users of public equity financing, OECD's Mats Isaksson looks at what this means for the global integration of Asian capital markets and the international corporate governance dialogue.
OECD data for foreign direct investment (FDI) flows in the first quarter of 2018 reveal that global FDI outflows fell to USD 136 billion from USD 242 billion in the previous quarter. OECD's Maria Borga analyses the cause of this precipitous drop.
‘Fearless Girl’, the diminutive and plucky bronze statue that’s been staring down the 3-ton ‘Charging Bull’ on Wall Street for the past year, has become a symbol for gender diversity in corporate leadership. What kind of world can she expect to find when she enters the job market some years from now?
Competition policy usually thinks in terms of consumers and firms, government and regulators. But what does the use of a gender lens bring to competition policy? And does the competition perspective reveal additional costs of gender inequality? OECD's Chris Pike reflects on the potential for introducing greater gender awareness into competition policy.
Today the debate rages about whether the decline in living standards is due to the effects of globalisation or to poor domestic policies. This article argues that key corporate and financial issues must be addressed if globalisation is to work better for all.