Corporate governance will play a “crucial role” in supporting the recovery of economies after Covid, according to OECD chief Mathias Cormann.
The global pandemic will require a governance response to ensure the corporate landscape can be rebuilt sustainably, according to the OECD.
And that response will include better disclosure of risk, beefed up audit structures, more equitable treatment of smaller shareholders, more transparency of group structures, an enhanced range of environmental, social and governance (ESG) disclosures and more attention to executive pay.
The warnings come in a new report, the Future of Corporate Governance in Capital Markets Following the Covid-19 Crisis, and considers how the governance landscape will best adapt to aid recovery of companies and stoc
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