Efforts continue for Peru to become a member of the Organization for Economic Cooperation and Development ( OECD ). Carmine Di Noia (CDN), director for Financial and Enterprise Affairs of the OECD and José Manuel Peschiera (JP), head of the Superintendence of the Stock Market (SMV), mention, in this interview, that the country will adopt the principles of the OECD and the G-20 for the modification of the Code of Good Corporate Governance.
The accession process to have the best OECD standards and practices is long and important. We will have missions to see where Peru is, but we hope that with this it can adopt better policies. We want to walk together with Peru to reach that result.
Since Peru was invited and sent the acceptance letter to start the process of accession to the OECD, we not only have the quality of participant but we are also invited to be part of the organization.
Peru must share the values, vision and priorities of the OECD to carry out this process. The preservation of individual freedom, the values of democracy, the rule of law and the defense of human rights. With this framework we want a transparent and open economy.
In accordance with their powers, all components of the State have to complete the information in the initial memorandum to be sent to the OECD. The SMV has already sent the Ministry of Economy and Finance what corresponds to it. With the remission of this document, the Ministry of Foreign Affairs begins the formal process.
Good Corporate Governance plays a fundamental role. If the companies work well and open their shareholding, they allow access to investors who want to finance important projects in the long term.