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12 Key Standards and Self Assessments - Code 5

5. Principles of Corporate Governance
(Organization for Economic Cooperation and Development)

Description | Standard | Self-Assessment PDF icon

Good corporate governance is essential for the development of a competitive private sector that in the long-term is able to attract and retain the domestic and international capital needed for investment. If countries are to reap the full benefits of the global capital market, corporate governance arrangements need to be credible and well understood across borders.

The OECD Corporate Governance Principles are intended to assist governments in evaluating and improving the legal, institutional and regulatory framework for corporate governance in their countries. They address issues of the rights of shareholders; the equitable treatment of shareholders; the role of stakeholders; disclosure and transparency; and the responsibilities of the Board. The principles developed aim at improving the legal, institutional, and regulatory framework for corporate governance in OECD and non-OECD countries.

The self-assessment was prepared by staff of the U.S. Securities and Exchange Commission in March 2000.

Last Updated: 12/1/2010 8:39 AM