G20/OECD Principles of Corporate Governance
LAUNCH EVENT: 11 September – OECD
|
The revised G20/OECD Principles of Corporate Governance were launched during a special event at the OECD on 11 September. The event included a panel discussion between prominent figures to discuss the role of the Principles in fostering good governance globally. The 2023 edition of the OECD Corporate Governance Factbook was also launched on this occasion. Opening remarks (14:30-14:45)
|
|
|
Presentation of the revised G20/OECD Principles of Corporate Governance (14:45-15:00)
|
|
|
Panel discussion (15:00-16:30) Moderator: Katie Martin, Markets Editor, Financial Times
|
G20/OECD Principles of Corporate Governance
The G20/OECD Principles of Corporate Governance are the international standard for corporate governance. The Principles help policy makers evaluate and improve the legal, regulatory and institutional framework for corporate governance, with a view to supporting economic efficiency, sustainable growth and financial stability.
The Principles were first issued in 1999 and the revised Principles were endorsed by G20 Leaders in 2023. Revised in 2023 to reflect recent evolutions in capital markets and corporate governance policies and practices, they offer many new and updated recommendations on shareholder rights, the role of institutional investors, corporate disclosure and reporting, the responsibilities of boards, and, for the first time, on sustainability and resilience to help companies manage climate-related and other sustainability risks and opportunities.
OECD Corporate Governance Factbook 2023
The OECD Corporate Governance Factbook provides easily accessible and up-to-date information on the institutional, legal and regulatory frameworks for corporate governance across 49 jurisdictions worldwide. Issued every two years, the Factbook complements the G20/OECD Principles of Corporate Governance and serves as a useful tool to track how the Principles are being implemented.
Prepared in parallel to the 2023 review of the Principles, this edition takes account of the new recommendations in the Principles on sustainability, company groups, and virtual and hybrid shareholder meetings. The Factbook also highlights the latest developments in the global market and corporate ownership landscape, the role and rights of shareholders, and the duties and responsibilities of boards.