Good governance starts and is driven from the top. It is therefore essential that companies have an effective board. The responsibilities of the board are diverse and require a balanced team of directors with the right skills sets. As the OECD Corporate Governance Principles are being updated, and as they apply to a wider variety of ownership structures including majority-controlled and state-owned firms across the world, expectations of directors and their skills is likely to increase as well. To meet these expectations, the Business and Industry Advisory Committee to the OECD will organize a roundtable on director skills for effective corporate governance to encourage an exchange on how to obtain and continually enhance the optimal mix of director skills.
The roundtable will take place at the OECD headquarters in Paris on February 17 and will bring together key business experts from OECD and non-OECD countries for a discussion with OECD member countries and the OECD corporate governance secretariat. It will take place back-to-back with the consultation on the OECD Corporate Governance on February 19. BIAC’s most recent comments on the Principles are available on the BIAC website.