The OECD principles of corporate governance

Abstract

The integrity of businesses and markets is central to the vitality and stability of our economies. So good corporate governance - the rules and practices that govern the relationship between the managers and shareholders of corporations, as well as stakeholders like employees and creditors - contributes to growth and financial stability by underpinning market confidence, financial market integrity and economic efficiency. Recent corporate scandals have focussed the minds of governments, regulators, companies, investors and the general public on weaknesses in corporate governance systems and the need to address this issue.