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Research and Markets: OECD - Board Member Nomination and Election

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/jzzvc8/board_member) has announced the addition of OECD Publishing's new report "Board Member Nomination and Election" to their offering.

The nomination and election of board members is one of the fundamental elements of a functioning corporate governance system around the world and has accordingly been chosen as the theme for the fourth peer review by the OECD's Corporate Governance Committee. Four jurisdictions have volunteered for an in-depth review - Indonesia, Korea, the Netherlands and the United States. Twenty two participating jurisdictions in the Committee have provided more general background information. As in the past three reviews, the objective is to:

- Assess governance practices against the Principles to see how they are implemented and in what way they might need to be improved to better address the reality of different corporate systems and;

- Provide advice to policy makers in the reviewed jurisdictions.

This report is the fourth peer review and, as decided by the Committee at its November 2011 meeting, covers board nomination and election practices. As in past reviews, several jurisdictions are discussed in detail - Indonesia, Korea,the Netherlands and the United States - while other Committee participants are handled at a more general level.

The topic has attracted significant public attention especially in view of the near universal interest in independent board members and the issue of protecting minority rights. Indeed, both the Asian and Latin American OECD Corporate Governance Roundtables have launched work in this area (OECD, 2011c). In addition, the financial crisis raised questions about the quality of board members and the selection/search process for suitable board members.

This report addresses the corporate governance framework and company practices that determine the nomination and election of board members. It covers some 26 jurisdictions

Key Topics Covered:

Executive Summary

Assessment and Recommendations

PART I. OVERALL SITUATION AND LESSONS FROM THE REVIEWED ECONOMIES

Chapter 1. Implementing the OECD Principles of Corporate Governance in diverse institutional and legal conditions

PART II. COUNTRY REVIEW OF THE CORPORATE GOVERNANCE FRAMEWORK OF LISTED COMPANIES AND BOARD NOMINATION AND ELECTION

PRACTICES

Chapter 2. Indonesia: Review of board nomination and election practices

Chapter 3. Korea: Review of board nomination and election practices

Chapter 4. The Netherlands: Review of board nomination and election practices

Chapter 5. United States of America: Review of board nomination and election practices

For more information visit http://www.researchandmarkets.com/research/jzzvc8/board_member

Source: OECD Publishing

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Government, Corporate Governance

Source: Research and Markets

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