auditors of listed companies (see Key Issues: Disclosure and Transparency). The SEC’s powers include administrative actions, such as warning letters, fines, and the suspension and removal of licenses. It may

Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE GOVERNANCE TO A HIGHER LEVEL 2011 This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. This document and any m...

the first half of 2008 are likely to be affected by two major factors: US subprime crisis, and expected removal of the 30 percent reserve requirement on short-term capital inflows. Interest rates are