Corporate governance and corporate finance

Review of the G20/OECD Principles of Corporate Governance


About the Review

The OECD Corporate Governance Committee is reviewing the G20/OECD Principles of Corporate Governance. The review was launched in November 2021 and will be completed in 2023. 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 Terms of Reference and Roadmap agreed by the Corporate Governance Committee sets out the main priorities and timeline for the review. The review’s overall goal is to strengthen the Principles, in particular by adapting relevant elements to the post COVID-19 environment, taking into account any structural effects of the crisis on capital markets and corporate governance practices. The revised Principles will aim to strengthen corporate sector resilience through better risk management and to improve companies’ access to finance from capital markets.

In October 2021, OECD Ministers and G20 Leaders supported the Committee’s decision to review the Principles. Ministers and Leaders “recognised the importance of good corporate governance frameworks and well-functioning capital markets to support the recovery, and looked forward to the review of the G20/OECD Principles of Corporate Governance”.

A public consultation on proposed revisions to the Principles will be held in fall 2022.




High-level Roundtable webcast

web bijou image

 Climate Change and Corporate Governance



The Committee identified 10 priority areas in the Terms of Reference and Roadmap for the review:

Corporate ownership and increased concentration

The management of environmental, social and governance (ESG) risks

The role of institutional investors and stewardship

The growth of new digital technologies and emerging opportunities and risks

Crisis and risk management

Excessive risk taking in the non-financial corporate sector

The role and rights of debtholders in corporate governance

 Executive remuneration

The role of board committees

Diversity on boards and in senior management


More about the Review


OECD Secretary-General’s Report to G20 on the Review of the Principles

The Future of Corporate Governance in Capital Markets

Following the COVID-19 Crisis

OECD Corporate Governance Factbook 2021

(February 2022)

web bijou cover

(June 2021)


(June 2021)


As the review of the G20/OECD Principles of Corporate Governance gets underway, OECD’s Daniel Blume and Serdar Çelik take a look at what is in store for corporate governance frameworks, drawing on the findings in The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis, and the 2021 edition of the OECD Corporate Governance Factbook.

How can corporate governance frameworks adapt to the impact of COVID-19 and other new realities?


For further information on the review, please contact, Acting Head of the Corporate Governance and Corporate Finance Division.



Related Documents