Managing Related Party Transactions: A Review of Practices

This chapter reviews the experience of five jurisdictions (Belgium, France, India, Israel, and Italy) in managing related party transactions and is set against a general review of legislation in over 30 jurisdictions. The chapter presents a synthesis of the experiences in the reviewed economies and considers the applicability of the OECD Principles of Corporate Governance. It also notes the measures that appear to have worked and the complementary features of the corporate governance system that may have contributed to this success. Finally, the chapter considers whether the OECD principles adequately deal with the issues surrounding RPTs in these economies.