This ICC report summarizes recommendations made, and priorities identified in corporate governance practices during the last ICC Roundtable on Corporate Governance, which took place on 21 April 2005 in Istanbul, Turkey.

Because corporate governance is not just a box ticking exercise, companies need an exchange of experience and practical guidance in order to conceive and implement successful governance mechanisms.

The ICC Roundtables on Corporate Governance are important international fora attended by business leaders from all parts of the world. The Roundtable discussions give a renewed impetus to ICC's efforts to provide constructive outreach to business on corporate governance issues in all parts of the world. Featuring speakers from business and government and an enthusiastic audience of ICC members and guests, the Roundtables, which bring together international investors and companies as well as governments, have proved successful in identifying practical ways to advance effective corporate governance programmes.

The Istanbul Roundtable follows a successful first Roundtable held on 13 October 2005 in Beijing, China, to review corporate governance practices in Asian companies.

In this report, the discussions have been supplemented by interviews of participants and corporate experiences shared during the Roundtable. This report could be used as a guide to find solutions to practical issues that may be faced when dealing with board conflicts or when advising on corporate governance restructuring.

ICC REPORT ON THE ISTANBUL ROUNDTABLE ON CORPORATE GOVERNANCE, APRIL 2005 [PDF File]