The Organisation for Economic Co-operation and Development (OECD) is inviting public comment on draft guidelines to help pension regulators and supervisory authorities improve pension fund governance.
The guidelines, which were first issued as an OECD recommendation in 2005, have been revised to strengthen the requirements of good pension fund governance.
The revised guidelines tackle issues such as stakeholder representation in pension fund boards, the requirements of expertise and knowledge of the board and the implementation of risk-based governance structures and mechanisms. The draft text is found at www.oecd.org/dataoecd/29/36/41087452.pdf and the deadline for comments is Oct. 1, 2008.
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