The Good Corporate Governance Committee of the Organization for Economic Cooperation and Development (OECD) invited Peru to be part of this working group, in charge of coordinating and guiding the organization’s work for the implementation of good corporate governance principles and corporate matters.
“The Peruvian participation was achieved after adopting a set of international principles on corporate governance”, said El Comercio. In this way, in February a request was sent to the OECD expressing the interest of Peru to be part of the aforementioned committee.
The participation of Peru in this Committee will allow it to collect the experiences and standards of this working group in order to incorporate them into Peruvian supervision and regulation, for the benefit of investors and the market in general.
“In recent years, the Superintendence of the Securities Market (SMV), in coordination with the Ministry of Economy and Finance (MEF), has maintained an active participation in the Latin American Roundtables on Corporate Governance organized by the OECD”, said El Comercio.
The Organization for Economic Cooperation and Development is an intergovernmental economic group with 36 member countries. It was founded in 1961 to stimulate economic progress and world trade.
In this forum, the member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinating domestic and international policies of its members.