OECD: Corporate governance, value creation and growth

18 February 2015

This report provides a comprehensive global overview of all corporate bond issues since 2000 and experiences of governance engagement by bondholders.

A key policy objective of corporate governance is to make sure that the financial sector can serve the needs of the real economy; that savings are available and effectively channeled to corporations that need capital for innovation, job creation and growth. Corporate governance is therefore an integral part of any policy for economic development and social progress. Today, however, the relevance of existing approaches to corporate governance are challenged by fundamental developments in financial markets and corporate practices. These changes include an increase in financial intermediation, the appearance of new instruments like exchange traded funds, larger private pools of capital, shifts in global wealth and a growing importance of human capital and intangible assets in individual firms.

The Corporate Governance, Value Creation and Growth Initiative was launched in 2013 by the OECD Corporate Governance Committee. This initiative addresses how better corporate governance policies can support corporate access to capital, value creation and economic growth. The work is carried out in close co-operation with policymakers, the business community, investors, academics and other key stakeholders. Special attention is being given to emerging markets. 

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