OECD Corporate Governance Guidelines have been released in draft. They will not give detailed prescriptions for national legislation but rather delineate basic principles to serve as reference points for efforts to evaluate and improve each country’s regulatory framework. The guidelines cover five broad headings:
- the rights and responsibilities of shareholders;
- the role of stakeholders in corporate governance;
- the equitable treatment of shareholders;
- disclosure and transparency and
- the duties and responsibilities of boards.
While primarily aimed at governments, the guidelines will also provide guidance for stock exchanges, investors, private corporations and national commissions on corporate governance as they elaborate best practices, listing requirements and codes of Continue Reading →