Mobilising ASEAN Capital Markets for Sustainable Growth
The ASEAN region’s economic expansion has created significant financing needs among corporations and investment opportunities for households. This report aims to support ASEAN policy makers harness opportunities and address barriers in mobilising capital markets for sustainable growth and development in the region. It focuses on the functioning of capital markets and the corporate sector’s use of market-based financing. It also examines current corporate governance regulatory frameworks, emerging artificial intelligence trends in finance, and sustainable finance developments with a focus on corporate sustainable bonds.
Corporate governance in ASEAN economies
This chapter describes corporate governance policies and practices in ASEAN jurisdictions to mobilise their capital markets, in alignment with the G20/OECD Principles of Corporate Governance. The first section discusses ownership structures in the region, and also describes regional initiatives to develop an integrated regional capital market, including the ASEAN Corporate Governance Scorecard. The second section discusses corporate governance policies and practices in ASEAN economies and their relevance for promoting corporate access to capital market financing, including with respect to company groups, institutional investors and stewardship, corporate sustainability, general shareholder meetings, and the responsibilities of the board. The final section discusses policy considerations.
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