On August 8, 2016, the FSB launched its thematic peer review regarding the implementation of the G20/Organization for Economic Co-Operation and Development Principles of Corporate Governance. These Principles have been designated as one of the FSB’s key standards for sound financial systems. The Principles cover governance frameworks, disclosure and transparency, rights and equitable treatment of shareholders, key ownership functions and responsibilities. The objective of the peer review, as outlined in the terms of reference, is to understand and assess how FSB member jurisdictions have applied the principles to publicly-listed regulated financial institutions (banks, insurers, asset managers and financial holding companies).

The FSB is seeking feedback on, for example, the design of corporate governance frameworks and whether they promote transparent and fair markets, the protection of shareholder rights and how corporate governance structures can facilitate equitable treatment for all shareholders. The review is limited to those Principles which apply to listed regulated financial institutions, but it is hoped that it may allow for a more in-depth analysis of particular topics which are relevant for the FSB’s broader remit. The feedback is due by September 9, 2016 with a final report expected to be published in early 2017.

The FSB terms of reference are available at: http://www.fsb.org/wp-content/uploads/Corporate-governance-peer-review-requestfor-public-feedback.pdf and the G20/OECD Principles of Corporate Governance are available at: http://www.oecd.org/daf/ca/Corporate-Governance-Principles-ENG.pdf