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International update

OECD invites public comment on the draft revised Principles of Corporate Governance

 

First released in 1999 and last revised in 2004, the OECD Principles are one of the key standards for sound financial systems of the Financial Stability Board. In 2014, the OECD has launched a review of the Principles to ensure the continuing high quality, relevance and usefulness of the Principles taking into account recent developments in the corporate sector and capital markets.

The draft is a work in progress that has been prepared by the Secretariat of the OECD Corporate Governance Committee in order to solicit input from business and labour representatives, civil society, and other interested stakeholders. It has not been agreed by the Corporate Governance Committee and its content is without prejudice to the final text that will be agreed by the Committee and approved by the OECD Council. Other OECD Committees will also be consulted. (The “track changes” show modifications to the 2004 version of the Principles, with “double underline/strikethrough identifying text that has been moved but not changed.)

Comments can be sent by 4 January 2015 to dafca.contact@oecd.org. Comments received by that date will be published online unless otherwise requested.

More information on OECD work on corporate governance is available here: http://www.oecd.org/daf/ca/2014-review-oecd-corporate-governance-principles.htm.

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