The OECD (Organization for Economic Cooperation and Development) brings together the governments of 34 countries committed to democracy and market economy around the world to support sustainable economic growth, maintain financial stability, contribute to growth in world trade and raise living standards.
The organization's mission is to promote policies that will improve the economic and social well-being of people around the world. It monitors trends, analyses and forecasts economic developments and researches social changes or evolving patterns in trade, environment, agriculture, technology, taxation and more.
On May 2007, OECD countries invited Israel to open discussions for membership of the Organization. The Israel Securities Authority was a central participant in these discussions, chairing the team dealing with Corporate Governance, together with the Ministry of Justice and participating in the teams dealing with Financial Markets and cross-border investments.
On 10 May 2010, OECD countries issued a formal invitation for Israel to join the Organization. Israel officially joined the OECD on September 2010.
To date, the ISA represents Israel, along with representatives of the Ministry of Justice, in the OECD's Corporate Governance Committee meetings and discussions.
The ISA is also a member of the Committee's bureau (a forum working with the Chairman to plan and set the agenda for meetings and outlining the committee's work plans).
Corporate Governance - Israel Self Assessment According to Methodology for Assessing the Implementation of the OECD Principles on Corporate Governance as Part of Accession to the OECD.
