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Supervision and Enforcement in Corporate Governance

image of Supervision and Enforcement in Corporate Governance

This fifth peer review of the OECD Principles of Corporate Governance analyses the supervision and enforcement of rules and practices relating to related party transactions (RPTs),  takeover bids and shareholder meetings. The review covers 27 jurisdictions and is based on a general survey of all participating jurisdictions, as well as an in-depth review of supervision and enforcement practices in Brazil, Turkey, and the United States.

Anglais

United States: the corporate governance framework and practices relating to supervision and enforcement

This chapter, part of the fifth peer review based on the OECD Principles of Corporate Governance, summarises public and private supervision and enforcement practices in the United States, in particular in the areas of related party transactions (RPTs), takeover bids and shareholder meetings. The chapter, prepared largely by Laurence Hamermesh, Professor, Widener University School of Law, acting as a consultant to the OECD, highlights the key characteristics, strengths and limitations of the US framework for corporate governancerelated enforcement, including a strong reliance on private supervision through shareholder lawsuits. It also examines the interaction of private supervision and enforcement with public enforcement, of governance rules applicable to related-party transactions (RPTs) and takeovers.

Anglais

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