Since they were issued in
1999, the OECD Principles of Corporate Governance have gained worldwide
recognition as an international benchmark for good corporate governance. They
are actively used by governments, regulators, investors, corporations and
stakeholders in both OECD and non-OECD countries and have been adopted by the
Financial Stability Forum as one of the Twelve Key Standards for Sound
Financial Systems. The Principles are intended to assist in the evaluation and
improvement of the legal, institutional and regulatory framework that
influences corporate governance. They also provide guidance for stock
exchanges, investors, corporations, and others that have a role in the process
of developing good corporate governance.
The Principles should be viewed
as a living document. This revised version takes into account developments
since 1999 and includes several important amendments. The revision has
benefited greatly from extensive public consultations. This revised version of
the OECD Principles was agreed by the OECD member countries on 22 April
2004.
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