Why have the OECD Principles been revised?
The Principles are considered a living document that takes new developments into account. Recent corporate scandals in a number of countries have highlighted a need for improvements in standards of corporate governance. Increasingly, the jobs and pensions of people are linked to the performance of stock markets, and both can be endangered by the adverse impact of bad corporate governance. Ensuring the stability of stock markets requires trust in the integrity of these markets and in the management of the companies whose shares are listed on them. The revised Principles are designed to underpin this integrity.
