The G20/OECD Corporate Governance Forum provided a platform for discussion among G20, OECD and Finacial Stability Board members on the ongoing review of the G20/OECD Principles of Corporate Governance. It built upon the work already undertaken on the review since its launch in November 2021, and informed the next steps of the process. Speakers included Indonesia’s Minister of Finance, Japan’s Minister of Finance and the OECD Secretary-General.

The G20/OECD Principles of Corporate Governance are the international standard for corporate governance. The Principles help policy makers evaluate and improve the legal, regulatory, and institutional framework for corporate governance. » More about the Principles

The review of the G20/OECD Principles aims to strengthen them by adapting relevant elements to the post COVID-19 environment, taking into account structural effects of the crisis on capital markets and corporate governance practices, as well as pre-existing trends. The revised Principles will aim to make the business sector more dynamic and resilient to future shocks, including by improving the management of environmental, social and governance (ESG) objectives and risks, and to improve companies’ access to finance from capital markets. » More about the review in the OECD Secretary-General’s second progress report to the G20 (July 2022) and here. 

  LIVE STREAM

The Forum was co-organised by the OECD, Indonesian G20 Presidency, and the Financial Services Authority of Indonesia, in the margins of the G20 Finance Ministers and Central Bank Governors meeting.

SESSION 1

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AGENDA

Welcome Remarks

Mr. Wimboh Santoso, Chairman of Board of Commissioners, Financial Services Authority (OJK), Indonesia

Opening Remarks

• Ms. Sri Mulyani Indrawati, Minister of Finance, Indonesia
• Mr. Mathias Cormann, Secretary-General, OECD
• Mr. Shunichi Suzuki, Minister of State for Financial Services, Japan

Update on the review of the G20/OECD Principles of Corporate Governance

Mr. Masato Kanda, Chair, OECD Corporate Governance Committee; Vice-Minister of Finance for International Affairs, Japan

Session 1: Sound corporate governance and well-functioning capital markets for a stronger post-COVID-19 recovery (14:20-15:05 GMT +8)

Moderator: Mr. Carmine Di Noia, Director, Directorate for Financial and Enterprise Affairs, OECD  

Speakers:

• Mr. Andy Baukol, Undersecretary for International Affairs, US Treasury
• Mr. Alessandro Rivera, Director-General, Treasury, Italy
• Mrs. Djustini Septiana, Deputy Commissioner of Capital Market Supervision I, Financial Services Authority (OJK), Indonesia

Session 2: The role of corporate governance in improving sustainability and resilience in the business sector (15:20-16:05 GMT +8)

Moderator: Ms. Masyita Crystallin, Special Advisor to the Minister of Finance of Macroeconomic and Fiscal Policy, Indonesia

Speakers:

• Ms. Alice Carr, Executive Director of Public Policy, Glasgow Financial Alliance for Net Zero (GFANZ)
• Ms. Gabriela Figueiredo Dias, Chairwoman, International Ethics Standards Board for Accountants (IESBA)
• Mr. Marco Aurélio dos Santos Rocha, Secretary for International Economic Affairs, Ministry of Economy, Brazil

Keynote speech

Mr. Erick Thohir, Minister of State-Owned Enterprises, Indonesia 

Session 3: Strong SOE governance for sustainable and inclusive development (16:15-17:00 GMT +8)

Moderator: Mr. Rabin Hattari, Assistant Minister for Industry, Ministry of State-Owned Enterprises, Indonesia

Speakers:

• Ms. Nawal Nely, Deputy for Finance and Risk Management, Ministry of State-Owned Enterprises, Indonesia
• Ms. Mathilde Mesnard, Deputy Director, Directorate for Financial and Enterprise Affairs, OECD
• Mr. Yurendra Basnett, Senior Public ManagementSpecialist, Asian Development Bank

Closing Remarks

• Mr. Yoshiki Takeuchi, Deputy Secretary-General, OECD
• Mr. Hoesen, Executive Head of Capital Market concurrently Member of the Board of Commissioners, Financial Services Authority (OJK), Indonesia

Download the agenda

Other Documents

• Climate Change and Corporate Governance
• OECD Corporate Governance Factbook 2021
• The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis
• OECD Secretary-General’s Second Report to G20 on the Review of the Principles