New corp gov subgroup for Basel
The need to update the high-level principles stems from four factors, says the source. First, events such as Enron, WorldCom and Parmalat have highlighted the need for improved corporate governance at companies of all types. Second, he points out that the Organisation for Economic Co-operation and Development (OECD) -- an international organisation composed of 30 countries devoted to free-market principles -- released its own principles on corporate governance in April 2004. The working group
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