Harmonisation and liberalisation of financial markets mean that foreign companies now find it easy to invest in any marketplace.
Two organisations have published corporate governance codes intended to apply to multiple national jurisdictions.
The competitiveness of nations is a preoccupation for all governments.
Harmonisation and liberalisation of financial markets mean that foreign companies now find it easy to invest in any marketplace.
This has led to a drive towards international standards in business practices to sit alongside the global shift in applying International Accounting Standards (IASs).
Two organisations have published corporate governance codes intended to apply to multiple national jurisdictions. These organisations are:
-The Organisation for Economic Cooperation and Development (OECD) and
-The International Corporate Governance Network (ICGN).
Organisation for Economic Cooperation and Development (OECD):
Established in 1961, the OECD is an international organisation composed of the industrialised market economy countries, as well as some developing countries, and provides a forum in which to establish and co-ordinate policies
International Corporate Governance Network (ICGN):
ICGN, founded in 1995 at the instigation of major institutional investors, represents investors, companies, financial intermediaries, academics and other parties interested in the development of global corporate governance practices.
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