Most markets have developed their CG Codes based largely on the OECD Principles of Corporate Governance, which was last updated in 2004. But weak spots remain, particularly among developing markets, where CG requirements are either poorly defined or enforced, or both. This disparity in CG standards presents challenges for directors, regulators, investors and other stakeholders with cross-border operations to keep abreast of and comply with diverse and varied requirements.

Balancing Rules and Flexibility, a study of CG requirements across 25 markets aims to address these gaps, and help directors, regulators and practitioners understand the similarities and differences in CG requirements. The report is intended to stimulate discussion on how CG requirements can be best defined and enforced both within and across markets. This is particularly relevant to developing countries seeking to grow their economies and capital markets.

Download the Balancing Rules and Flexibility - Main Report (PDF 6.31MB) Download the Balancing Rules and Flexibility - Slide Deck (PDF, 2.77MB)Event Summary KPMG hosted a forum to launch a study of corporate governance requirements across 25 markets in November 2014. A high-powered panel was formed to discuss the findings and implications of the report. A recap of the panel discussion can be found here. Download Corporate Governance: A Delicate Balancing Act (PDF, 1.32MB)