Istanbul to host G20/OECD corporate governance forum

ANKARA - Anadolu Agency

Deputy Prime Minister Ali Babacan (C) is scheduled to make the opening speech at the event. AA Photo

Representatives from G20 and Organization for Economic Cooperation and Development (OECD) countries will meet in Istanbul on April 10 to discuss how companies can avoid financial risks.

Organized by the Capital Markets Board of Turkey (SPK)\ in partnership with Boğaziçi University’s Center for Corporate Governance and the Corporate Governance Association of Turkey, the G20/OECD Corporate Governance Forum will consider sound corporate organization, safer financial markets and well-regulated financial systems in emerging markets.

“The OECD Principles of Corporate Governance are currently being revised with a view to support sound financial markets that provide companies with access to patient capital for investment,” the OECD said in a statement, adding that the meeting will have a “particular focus on the need for capital markets serve the real economy.”

The forum will also “address issues of systemic importance to sustainable private sector growth, including the institutionalization of growth companies and capital market development in emerging market economies,” the Capital Markets Board of Turkey said in a statement.

Deputy Prime Minister Ali Babacan, a key figure for the Turkish economy, is scheduled to make the opening speech at the event.

Other speakers will include Capital Markets Board of Turkey Chairman Vahdettin Ertaş, OECD Secretary-General Angel Gurría, Securities and Exchange Commission of Brazil Executive Chairman Leonardo P. Gomes Pereira, OECD Corporate Governance Committee Chairman Marcello Bianchi, and the Deputy Commissioner for International Affairs Financial Security Agency (FSA), Japan, Kenji Okamura.

Turkey assumed the G20 presidency last December, and has vowed to “fight global inequality” during its time as president. According to Turkish officials, around 13,000 people, including a number of world leaders, are expected to attend the G20 Leaders’ Summit in Turkey’s southern city of Antalya in November 2015.