OECD to evolve corp governance norms for unlisted firms

The Organisation for Economic Co-operation and Development (OECD) will soon evolve separate corporate governance norms for unlisted, family-managed and small-scale companies in developing nations.

Although the result of this exercise, beginning in Istanbul on April 17, will not be binding on India, it will have a bearing on foreign investments by the 30-member group, including the US, the UK, Japan and many EU members.

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