The OECD Corporate Governance Committee is reviewing the G20/OECD Principles of Corporate Governance. The review was launched in November 2021 and will be completed in 2023. OECD, G20 and FSB members participate in the review as well as other countries through the Committee’s regional Roundtables (Asia, Latin America and the Middle East and North Africa).

The overall objective of the review is to update the Principles in light of recent evolutions in capital markets and corporate governance policies and practices. The Corporate Governance Committee identified a range of priority areas to take into consideration during the review, including the management of environmental, social and governance risks; digitalisation; corporate ownership and concentration; and institutional investors and stewardship, among others. An important overarching goal of the revision is to support corporate sector resilience and to improve companies’ access to finance from capital markets.

In October 2021, OECD Ministers and G20 Leaders supported the Committee’s decision to review the Principles. Ministers and Leaders “recognised the importance of good corporate governance frameworks and well-functioning capital markets to support the recovery, and looked forward to the review of the G20/OECD Principles of Corporate Governance”.

The Corporate Governance Committee conducted a public consultation on draft revisions to the Principles from 19 September to 21 October 2022. All contributions can be found here.

The Terms of Reference for the review identified 10 priority areas. To inform the Committee’s discussions on these priority areas, a number of reports and working papers were prepared and released publicly concomitantly with the public consultation:

• Climate change and corporate governance
• Corporate ownership and concentration
• Gender diversity on company boards and in senior management
• The role of board-level committees in corporate governance
• Digitalisation and corporate governance
• Institutional investors and stewardship
• The role and rights of debtholders in corporate governance

 More about the review

ADDITIONAL PUBLICATIONS

OECD Secretary-General’s Second Report to G20 on the Review of the Principles

The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis

OECD Corporate Governance Factbook 2021

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(July 2022)

(June 2021)

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(June 2021)

See also

G20/OECD Corporate Governance Forum (July 2022)

High-Level Roundtable on Climate Change and Corporate Governance (June 2022)

CONTACT

For further information on the review, please contact [email protected], Head of the Corporate Governance and Corporate Finance Division.