What are the OECD Principles of Corporate Governance and who are they aimed at?
Policy makers in both developed and emerging economies face challenges in ensuring good corporate governance. The OECD Principles of Corporate Governance set out a framework for good practice which has been agreed by the governments of all 30 countries that are members of the OECD. They have been designed to assist governments and regulatory bodies in both OECD countries and elsewhere in drawing up and enforcing effective rules, regulations and codes of corporate governance. In parallel, they provide guidance for stock-exchanges, investors, companies and others that have a role in the process of developing good corporate governance. Since the original OECD Principles were issued in 1999, they have become a generally accepted standard in this area. They have been adopted by the World Bank in its work and they have been endorsed by the Financial Stability Forum as one of its twelve key standards for financial stability.
