Evidence of corporate governance problems at diverse companies around the world have underscored the importance of international efforts to secure governance reforms on a global basis and, accordingly, we welcome the current effort by the OECD to revise its 1999 Principles of Corporate Governance,” said Mr. Charles Dallara, Managing Director of the Institute of International Finance (IIF).
The IIF is the global association of financial firms with over 340 member institutions. Mr. Dallara noted that the IIF has now submitted detailed proposals for the revision of the OECD's 1999 Principles of Corporate Governance. He said, “We are pleased that OECD intends to revise these principles with the intent of improving the legal, institutional, and regulatory framework for corporate governance.”
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