professional behaviour, risk oversight and improved resources and authority of the board vis-à-vis management also have a role. The reduction or elimination of loopholes by tightening standards for board members

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

Principles of Corporate Governance - G20 version G 20/O E C D P rin c ip le s o f C o rp o ra te G o ve rn a n c e G20/OECD Principles of Corporate Governance ENG_Corporate Governance Principles_Cover.indd 3 27-Aug-2015 6:43:10 PM G20/OECD Principles of Corporate Governance OECD Report to G20 Finance Ministers and Central Bank Governors September 2015 G20/OECD PRINCIPLES OF CORPORATE GOVERNANCE © OECD 2015 3 Note by the OECD Secretary-General G20 Finance Ministers and Central Bank Governors Meet...

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