Oecd legal Instruments

THE COUNCIL, 
HAVING REGARD to Article 5 b) of the Convention on the Organisation for Economic Co-operation and 
Development of 14 December 1960; 
HAVING REGARD to the standards developed by the OECD in the areas of international investment and 
multinational enterprises, due diligence for responsible business conduct, bribery of foreign public officials 
in international business transactions, and gender equality; 
HAVING REGARD to the Recommendation of the Council on Guidelines on Corporate Governance of State-
Owned Enterprises [
OECD/LEGAL/0414
], which sets complementary guidelines for state-owned 
enterprises, and the Recommendation of the Council on Guidelines on Anti-Corruption and Integrity in State-
Owned Enterprises [
OECD/LEGAL/0451
], which sets complementary guidelines regarding the integrity of 
state-owned enterprises; 
HAVING REGARD to recent evolutions in corporate governance policies and practices and capital markets 
and their impact on the corporate sector;
CONSIDERING that the Principles of Corporate Governance (hereafter the “Principles”) embodied herein 
have gained worldwide recognition, including through G20 Leaders’ endorsement on 15-16 November 2015, 
and serve as an important basis for national and international efforts to improve corporate governance; 
RECOGNISING that the implementation of the Principles depends on varying legal, economic, and 
regulatory settings. 
On the proposal of the Corporate Governance Committee: 
I. 
RECOMMENDS that Members and non-Members having adhered to this Recommendation 
(hereafter the “Adherents”) take due account of the Principles which are set out in the Appendix to this 
Recommendation and form an integral part thereof.
II. 
INVITES the Secretary-General and Adherents to disseminate the Recommendation.