Major emerging challenges have been putting capital markets and corporate governance frameworks under pressure. As the OECD launches a public consultation on the draft revised G20/OECD Principles of Corporate Governance, the OECD’s Carmine Di Noia describes why strong frameworks for corporate governance are so important for the corporate sector.
Since the Global Financial Crisis, challenges related to capital flow management and financial stability have evolved, leading policymakers to broaden the policy toolkit available to deal with those challenges. In this context, the time was ripe for a review of the OECD Code of Liberalisation of Capital Movements, the only multilateral agreement covering the full capital account. The updated Code was adopted by OECD Ministers in May 2019 and launched at the G20 Finance meeting in Fukuoka. It is not only more flexible, to better deal with current financial stability requirements, but it also makes an important contribution to the global debate on the international financial architecture.
Focusing on the court system in Germany, Dr. Angela Reitmaier of Transparency International Germany argues that the public’s right to know should prevail in cases of foreign bribery