Oecd legal Instruments

VI.C.2. Boards should assess whether the company’s capital structure is compatible with its 
strategic goals and its associated risk appetite to ensure it is resilient to different scenarios. 
The management and board members are best placed to decide if the capital structure of a company is 
compatible with the strategic goals and its associated risk appetite, within existing restrictions established by 
shareholders. In order to ensure the company’s financial soundness, the board should monitor the capital 
structure and capital sufficiency with due consideration to different scenarios, including those with low 
probability but high impact. 
VI.D. 
The corporate governance framework should consider the rights, roles and interests of 
stakeholders and encourage active co-operation between companies, shareholders and 
stakeholders in creating value, quality jobs, and sustainable and resilient companies. 
Corporate governance aims to encourage the various stakeholders in the company to undertake 
economically optimal levels of investment in company-specific human and physical capital. For workers, the 
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company they work for is not only their source of income but also where they spend a large part of their lives 
and the company’s long-term sustainability is important to them. The competitiveness and ultimate success 
of a corporation is the result of teamwork that embodies contributions from a range of different resource 
providers including investors, the workforce, creditors, customers, affected communities, suppliers and other 
stakeholders. Corporations should recognise that the contributions of stakeholders constitute a valuable 
resource for building competitive and profitable businesses. It may, therefore, be in the long-term interest of 
corporations to foster value-creating co-operation among stakeholders.