OECD Updates Corporate Governance Principles for Sustainability and Market Access

Note: Single-source report; awaiting corroboration.

The Organisation for Economic Co-operation and Development (OECD) sets standards to help policymakers improve the legal, regulatory, and institutional frameworks for corporate governance of listed companies and state-owned enterprises. The G20/OECD Principles of Corporate Governance support listed companies in accessing capital markets, protecting investors, and promoting sustainability. Recommendations focus on shareholder rights, institutional investors, corporate disclosure, board responsibilities, and sustainability risk management.

First issued in 1999 and revised in 2023, these Principles have been endorsed by G20 Leaders. The OECD also publishes the Corporate Governance Factbook biennially, offering data on implementation in major economies.

The OECD Guidelines for Corporate Governance of State-Owned Enterprises provide recommendations for governments to manage their enterprises effectively. Topics include the state's ownership role, fair competition with private companies, equitable shareholder treatment, transparency, accountability, and sustainability. These guidelines, first adopted in 2005, were revised in 2024.