What are some principles to good corporate governance?
In 2004, the OECD released its Principles of Corporate Governance which is intended to assist OECD and non-OECD governments in their efforts to evaluate and improve the legal, institutional and regulatory framework for corporate governance in their countries, and to provide guidance and suggestions for stock exchanges, investors, corporations, and other parties that have a role in the process of developing good corporate governance. The principles are: Ensuring the Basis for an Effective Corporate Governance Framework – The corporate governance framework should promote transparent and efficient markets, be consistent with the rule of law and clearly articulate the division of responsibilities among different supervisory, regulatory and enforcement authorities. The Rights of Shareholders and Key Ownership Functions – The corporate governance framework should protect and facilitate the exercise of shareholders rights. The Equitable Treatment of Shareholders – The corporate governance fra
