Paris, June 11, 2003 – ICC’s Corporate Governance website moved into top gear today with up-to-the-minute coverage of developments of vital interest to companies across the world.
Stories include moves by the European Commission to set new rules billed as “a model for the rest of the world” as well as a report from New Delhi about controversial new government proposals to strengthen the role of independent directors.
Also on the site is an account of the implications for Australian companies of new disclosure rules introduced by the Australian stock exchange and a report under a London dateline about heightened public interest in boardroom pay – and the repercussions for companies.
With more than 8,000 member companies in over 140 countries, ICC is the largest, most representative private sector association in the world. It is represented in the U.S. by the United States Council for International Business (USCIB), its American national committee based in New York.
From Manila comes a story on efforts by the Asian Development Bank and the OECD to bring about swift improvements in corporate governance across Asia. An OECD White Paper just issued maintains that the most serious corporate governance challenge facing the Asian region is the “exploitation of non-controlling shareholders”.
The ICC Corporate Governance website was introduced a year ago with a mission to assist companies, and especially small and medium-sized enterprises, in achieving the highest standards of corporate governance. At the same time, it seeks to keep abreast of relevant government and private sector initiatives.
Taking over as the site’s editor is Australian writer and broadcaster Colin Chapman, a former Director of Television for the Financial Times. In the last 18 months, Mr Chapman has been course director on financial and political reporting for the Commonwealth Press Union, the British Council, and USIS. He has also acted as a visiting lecturer at the University of Beijing, where among other subjects he lectured on corporate governance.
Julian Kassum, site manager, said: “The site takes a strong ‘how to’ approach and will be especially useful to companies that are overhauling their corporate governance provisions.”
One of the big issues that will shortly be analysed in a full-length feature is whistle-blowing, and safeguards for employees who draw attention to irregularities.
USCIB promotes an open system of global commerce. Its membership includes some 300 leading U.S. companies, professional services firms and associations whose combined annual revenues exceed $3 trillion. As American affiliate of the leading international business and employers organizations, USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade.
Bryce Corbett, ICC Communications
(011-33-6) 20-47-32-52 or firstname.lastname@example.org
Jonathan Huneke, USCIB Communications
(212) 703-5043 or email@example.com