Oecd legal Instruments

Scope of the Recommendation
The Principles of Corporate Governance set out in the Recommendation have 6 chapters: 
I. Ensuring the basis for an effective corporate governance framework; 
II. The rights and equitable treatment of shareholders and key ownership functions; 
III. Institutional investors, stock markets, and other intermediaries; 
IV. Disclosure and transparency; 
V. The Responsibilities of the board; 
VI. Sustainability and resilience. 
OECD/LEGAL/0413
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VI. Sustainability and resilience. 
Each chapter is headed by a single Principle followed by a number of supporting Principles and sub-
Principles. The Principles of Corporate Governance are supplemented by annotations containing
commentary.
The Principles of Corporate Governance aim to provide a robust but flexible reference for policy
makers and market participants to develop their own frameworks for corporate governance. They
seek to identify objectives and suggest various means for achieving them, typically involving elements
of legislation, regulation, listing rules, self-regulatory arrangements, contractual undertakings,
voluntary commitments and business practices. A jurisdiction’s implementation of the Principles of
Corporate Governance will depend on its national legal and regulatory context. The Principles of
Corporate Governance themselves are evolutionary in nature and are regularly reviewed in light of
significant changes in circumstances in order to maintain their role as the leading international
standard in the area of corporate governance.
Next Steps
To disseminate and support implementation of the Recommendation, a number of actions will be
undertaken. The Corporate Governance Committee will: (i) continue to foster dialogue to improve
corporate governance frameworks and policies based on the Recommendation and serve as a forum
for experience sharing on its implementation; (ii) continue to collect information on developments
relevant to the implementation of the Recommendation, including through the biennial OECD
"
Corporate Governance Factbook
", regional corporate governance roundtables, and regional and
country reviews; (iii) revise the Methodology for assessing the implementation of the
Recommendation which underpins assessments of its implementation in jurisdictions, including self-
assessments; (iv) undertake thematic peer reviews to review practices on a comparative basis and
disseminate good practices in areas of the Recommendation; and (v) report to Council on the
implementation, dissemination, and continued relevance of the Recommendation in 2028. 
G20 endorsement and continued Financial Stability Board recognition of the Principles of Corporate
Governance as one of the Key Standards for Sound Financial Systems will promote the
implementation of the Recommendation globally and strengthens its role as the international
benchmark in the field of corporate governance. 
For further information please consult: 
www.oecd.org/corporate
.
Contact information: 
corporategovernance&[e-mail]
.