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OECD Principles of Corporate Governance

 

The Principles of the Organisation for Economic Co-operation and Development (OECD) were approved by the OECD Council of Ministers in 1999 and have since become a set of international guidelines for political decision makers, investors, companies, and other interested groups from around the world. This instrument defines non-legally binding standards, recommended practices, and orientation guides for implementation, which can then be adjusted to suit the specific conditions in different countries and regions. The OECD Principles of Corporate Governance are currently being revised and in future are to also include protective provisions for whistleblowers.