The Financial Stability Board (FSB) has published a peer review of the implementation of the G20/Organisation for Economic Co-operation and Development (OECD) principles of corporate governance for publicly listed, regulated financial institutions.

The peer review found that all FSB member jurisdictions have a comprehensive corporate governance framework, but that the effectiveness of those frameworks could be impacted if the division of responsibility among financial sector authorities is unclear or if the various requirements are not well aligned with each other.

As such, 12 recommendations are made to FSB member jurisdictions, standard-setting bodies and financial institutions focusing, among others, on the following areas:

1. ensuring the basis for an effective corporate governance framework;
2. disclosure and transparency;
3. the responsibilities of the board;
4. rights and equitable treatment of shareholders and key ownership functions; and
5. the role of stakeholders in corporate governance.

Copies of

the report; 

the covering webpage; 

the press release