Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 42

International Demand for Corporate Governance
The international business community has been calling for stronger corporate governance for com­panies around the globe.s a result, in 1999 the Organization for Economic Cooperation and Development (OECD) issued some principles that deal with the ethical and fair treatment of share­holders, the importance of transparency, and adequate disclosure.hese OECD principles were revised in 2004.he World Bank and the International Monetary Fund support these efforts.n particular, principle number five, called Disclosure and Transparency, states:
The corporate governance framework should ensure that timely and accurate disclosure is made on all material matters regarding the corporation, including the financial situation, performance, ownership and governance of the company (see www.oecd.org ).
Required
Form a group of four students.isit the OECD Web site and use the information to write a one-page paper that explains why OECD corporate governance principle number five is important for international capital flows.
Internet sites are time and date sensitive.t is the purpose of these exercises to have you explore the Internet.ou may need to use the Yahoo! search engine http://www.vahoo.com ( or another favorite search engine) to find a company's current Web address.