Europe Istanbul to host G20/OECD Corporate Governance Forum

Istanbul to host G20/OECD Corporate Governance Forum

File-Turkey's Deputy Prime Minister Ali Babacan at the G20 finance ministers and central bank governors meeting in Istanbul Feb 2015
File-Turkey’s Deputy Prime Minister Ali Babacan at the G20 finance ministers and central bank governors meeting in Istanbul Feb 2015

(AA) – Representatives from G20 and OECD countries will meet in Istanbul on Friday to discuss how companies can avoid too much risk.

Organized by the Capital Markets Board of Turkey in partnership with Bogazici University’s Center for Corporate Governance and the Corporate Governance Association of Turkey, the G20/OECD Corporate Governance Forum will consider sound corporate organization, safer financial markets, and well-regulated financial systems in emerging markets.

“The OECD Principles of Corporate Governance are currently being revised with a view to support sound financial markets that provide companies with access to patient capital for investment. The meeting will discuss the review with a particular focus on the need for capital markets serve the real economy,” the OECD said in a statement.

The Forum will also address issues of systemic importance to sustainable private sector growth, including the institutionalisation of growth companies and capital market development in emerging market economies,” the Capital Markets Board of Turkey, said in a statement.

Turkish Deputy Prime Minister Ali Babacan, a key figure responsible for the economy is scheduled to make the opening speech at the event. 

Speakers will include Chairman, Capital Markets Board of Turkey Vahdettin Ertas, Secretary-General, OECD Angel Gurría, Executive Chairman, Securities and Exchange Commission of Brazil Leonardo P. Gomes Pereira, Chairman, OECD Corporate Governance Committee Marcello Bianchi, Executive Vice Chairman, China Association for Public Companies Executive Vice Chairman, China Association for Public Companies, Vice-Chair, OECD Corporate Governance Committee; Deputy Commissioner for International Affairs, FSA, Japan Kenji Okamura.

The G20 is an international forum for the governments and Central Bank governors of 20 major economies, including the United States, the United Kingdom, Russia, Japan, Canada, Germany, France, Italy, Turkey, Australia, Brazil, Argentine, India, China, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea and the European Commission, the executive body of the EU. 

Turkey assumed the G20 presidency last December, vowing to fight global inequality. Around 13,000 people, including a number of world leaders, are expected to attend the G20 Leaders’ Summit to be held in Turkey’s southwestern coastal province of Antalya in November 2015, according to Turkish officials.  

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