The G20/OECD Principles of Corporate Governance are the international standard for corporate governance. The Principles help policy makers evaluate and improve the legal, regulatory and institutional framework for corporate governance, with a view to supporting economic efficiency, sustainable growth and financial stability. First issued in 1999 and endorsed by G20 Leaders in 2015, the Principles are currently being reviewed and revised Principles will be issued in 2023.
Public Consultation on the Review of the Principles
The OECD Corporate Governance Committee is reviewing the G20/OECD Principles of Corporate Governance. OECD, G20 and FSB members participate in the review, as well as other countries through the Committee’s regional Roundtables (Asia, Latin America and the Middle East and North Africa). The overall objective of the review is to update the Principles, in light of recent evolutions in capital markets and corporate governance policies and practices.The review was launched in November 2021 and will be completed in 2023. A public consultation on draft revisions is being conducted from 19 September to 21 October.
The OECD Corporate Governance Factbook provides easily accessible, comparable and up-to-date information about the institutional, legal and regulatory frameworks for corporate governance across 49 jurisdictions worldwide. The Factbook can be used by governments, regulators and the private sector to compare their own frameworks with those of other countries and to get detailed information on practices in specific jurisdictions.
Capital markets are undergoing profound changes. Their ability to effectively provide the real economy with capital for investment and growth is therefore an issue of increasing importance. This is prompting many countries to review the functioning of their capital markets to provide better conditions for financing private sector innovation, investment and growth. Capital market reforms are often supported by more competitive corporate governance regulations, including company law and securities regulation. The OECD reviews the functioning of capital markets, provides international comparisons and proposes how to improve corporate access to capital.
The implementation methodology provides guidance for assessing national implementation of the G20/OECD Principles. The purpose is to identify strengths and weaknesses in corporate governance in order to identify reform priorities.
The OECD works to ensure that state-owned enterprises operate in a sound competitive and regulatory environment to promote efficient and open markets at the domestic and international level. It advances national reforms in countries across the world, guided by the internationally-agreed OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOE Guidelines).