What issues do the revised Principles address?
The OECD Principles of Corporate Governance cover six main areas. They call on governments to have in place an effective institutional and legal framework to support good corporate governance practices (Chapter I). They call for a corporate governance framework that protects and facilitates the exercise of shareholders’ rights (Chapter II). They also strongly support the equal treatment of all shareholders, including minority and foreign shareholders (Chapter III). They recognise the importance of the role of stakeholders in corporate governance, while they also look at the importance of timely, accurate and transparent disclosure mechanisms (Chapter IV and V, respectively). They deal with board structures, responsibilities and procedures (Chapter VI).
