TUAC calls for evidence-based end-user approach to rule OECD future work on corporate governance
As part of consultations with the Chair of the OECD Steering Group on Corporate Governance on 15 April 2008, the TUAC called for a substantial revision of the proposed programme of work 2009/2010 with a view to adopt an "evidence-based end-user approach".
On 15 April 2008, TUAC held consultations with the Chair and members of the Bureau of the OECD Steering Group on Corporate Governance ahead of the committee's 15th session on 16-17 April.
Based on the agenda of the Committee's 15th session, the TUAC focussed its comments on the proposed work programme 2009/2010 and called for a substantial revision of the text to adopt an evidence-based end-user approach. TUAC's written comments are attached (0804t_gf_sgcg).
Among others, the TUAC expressed concerns at the proposal of OECD "fast track reports" which would mainly consist of academic literature reviews and be prepared without the needed input and experience accumulated by trade unions and relayed by the TUAC at the OECD. TUAC expressed similar concerns with the proposal to continue holding closed meetings between OECD officials and private equity and hedge fund managers, stating: "there is an inherent conflict of interest to engage policy and regulatory analysis of a given industry based upon the views of the industry itself".
The TUAC called for a radical shift in the Steering Group's working methodology and for the work programme to be "refocused to adopt an evidence-based and “end-user” approach".
The TUAC delegation included Paul Talbot (Assistant General Secretary, Unite The Union - Amicus Section, UK), Jean-Michel Gaveau (Member of the board of France Telecom, CGT, France) and Pierre Habbard (TUAC Secretariat).