Mercer Select US - OECD guidelines raise the bar on pension fund governance and set international standards

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OECD guidelines raise the bar on pension fund governance and set international standards

On 7 Jul 2009, the Organisation for Economic Co-operation and Development (OECD) published updated Guidelines for Pension Fund Governance. The Guidelines set "international standards for the governance of private pension funds, in view of protecting people's pensions from mismanagement and fraud." The revisions reflect the current focus on corporate governance failures that contributed to the 2008/2009 global financial crisis. This Mercer analysis discusses the Guidelines and their implications for pension fund sponsors and fiduciary committees of multinational organizations. (Select News, 27 Aug 2009)

OECD guidelines raise the bar on pension fund governance and set international standards

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