OECD focusing on board effectiveness
PARIS – In mid-April, the Organisation of Economic Co-operation and Development (OECD) announced that it is launching a new project that will focus on improving the effectiveness of boards of directors, both in developed and less developed countries.
"Boards of directors worldwide have come under increasing criticism in the last several years for failing in their obligation to oversee the performance of management," said Donald Johnston, OECD secretary general. "We’ve witnessed a number of graphic instances of the corporate disasters that can result, to the detriment of investors, employees and entire communities. This new OECD initiative will
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