The OECD Corporate Governance Factbook (Factbook) supports the implementation of sound corporate governance practices by providing easily accessible and up-to-date information on corporate governance frameworks and policies. By comparing institutional, legal and regulatory frameworks across jurisdictions, it offers policy makers and regulators a practical tool to benchmark their own frameworks with those of other countries and to learn from specific policies and practices that have been adopted elsewhere. It is also a valuable resource for market participants and analysts, providing insights into how corporate governance frameworks differ across jurisdictions and how they evolve over time.
The Factbook focuses on frameworks applicable to publicly traded companies. First published in 2014, it is updated every two years, making this the seventh edition. This edition covers provisions enacted through the end of 2024 across a range of issues addressed in the G20/OECD Principles of Corporate Governance. New content includes sections on equity markets for growth companies and the conduct of general shareholder meetings, as well as a chapter on sustainability-related disclosure, governance and assurance frameworks.
The 2025 Factbook compiles information from the 52 jurisdictions that participate in the OECD Corporate Governance Committee, which are referred to in the report as “Factbook jurisdictions”. It covers all OECD members, all non-OECD G20 and Financial Stability Board members (Argentina, Brazil, the People’s Republic of China (hereafter ‘China’), Hong Kong (China), India, Indonesia, Saudi Arabia, Singapore and South Africa), as well as Malaysia and Peru. This edition includes three new countries: Bulgaria, Croatia and Romania.
For the first time, the Factbook is complemented by Country Notes which aim to provide an easily accessible overview of each jurisdiction and how its framework compares to that of other jurisdictions covered by the Factbook. The Country Notes, which are available separately on-line, also summarise recent developments in each jurisdiction through mid-2025. The first set of Country Notes are published at the same time as the Factbook, providing a global representation of the jurisdictions covered. The other Country Notes will be published on-line in phases before the end of 2025.
The main information in the Factbook derives from OECD thematic reviews on how jurisdictions address major corporate governance issues and core functions such as the conduct of general shareholder meetings; related party transactions and minority shareholder rights; the role of institutional investors; company groups and disclosure; board member nomination and election; board practices including remuneration; frameworks for risk management and audit; and supervision and enforcement of corporate governance frameworks. Additional sections address the capital market landscape, including ownership patterns; stock exchanges and their market activities; and the institutional and regulatory landscape.
This report has been developed by the Capital Markets and Financial Institutions Division of the OECD Directorate for Financial and Enterprise Affairs. It was prepared by Takashi Sudo with Tiziana Londero, Manjuni Fernando, Sebastian Abudoj, Valentina Cociancich, Caio De Oliveira, Fianna Jurdant, Alejandra Medina, Hitesh Tank and Yunus Emre Yildirim under the supervision of Daniel Blume, Head of the Corporate Governance Unit, and Serdar Çelik, Head of Division. Delegates to the OECD Corporate Governance Committee provided input, and Thomas Dannequin, Adriana De La Cruz, Greta Gabbarini, Azusa Shiraishi and Iris Tensen from the Division also contributed.