This report presents the results of the second thematic peer review based on the OECD Principles of Corporate Governance. The report is focused on the role of institutional investors in promoting good corporate governance practices including the incentives they face to promote such outcomes. It covers 26 different jurisdictions, including in-depth reviews of Australia, Chile and Germany.
Table of contents:
Executive Summary Assessment and Recommendations PART I. OVERVIEW Chapter 1.The Structure and Behaviour of Institutional Investors -1.1. Background, objectives and issues -1.2. The institutional investor landscape -1.3. Codes, legal frameworks and disclosure requirements -1.4. Co-operation between investors -1.5. Investment behaviour of institutional investors: the driving forces -1.6. The voting and engagement record PART II. IN-DEPTH COUNTRY REVIEWS ON THE ROLE OF INSTITUTIONAL INVESTORS IN PROMOTING GOOD CORPORATE GOVERNANCE Chapter 2.Australia: The Role of Institutional Investors in Promoting Good Corporate Governance -2.1. Institutional investor landscape -2.2. Legal rules and other guidance relating to shareholder rights and responsibilities -2.3. Exercise of shareholder rights -2.4. Conclusions -Annex 2.1: Summary of legal provisions relating to the fiduciary responsibilities of institutional investors in Australia Chapter 3.Chile: The Role of Institutional Investors in Promoting Good Corporate Governance -3.1. The corporate governance landscape -3.2. Legal and regulatory framework -3.3. Exercise of shareholder rights -3.4. Conclusions Chapter 4.Germany: The Role of Institutional Investors in Promoting Good Corporate Governance -4.1. The corporate governance landscape -4.2. Institutional investors -4.3. Exercise of shareholder rights -4.4. Conclusions Annex A.The Questionnaire of the OECD Corporate Governance Committee Annex B.The Data Requested in the Questionnaire of the OECD Corporate Governance Committee
