Professional Documents
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The Responsibility of The Board According To The OECD Principles and Patterns of Change in The Aftermath of Recent Corporate Events
The Responsibility of The Board According To The OECD Principles and Patterns of Change in The Aftermath of Recent Corporate Events
• 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
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Board functions
Reducing risk
Improving performance
Monitoring
Strategic guidance
Definition of independence
Cumulative voting
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Board Committees
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Board accountability to the company and its
shareholders
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Director duties
•Duty of compliance
Other duties •Duty to act in good faith
•Duty of oversight
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Quality of directors
Education
Voluntary codes
Compensation
Availability
Scarcity factor
Access to information 11
A few points of relevance for Eurasia
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Recent corporate events and boards of directors
Integrity
Monitor risk
Warning signals
Transparency
www.oecd.org
elena.miteva@oecd.org
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