ABSTRACT
Endorsed in 1999 by the Organisation for Economic Co-operation and Development (OECD), the Principles of Corporate Governance (hereafter in this chapter referred to as the Principles) represent the first initiative by an intergovernmental organisation to develop guiding principles in the field of corporate governance. The Principles are directed at a wide audience, including governments, companies, investors, stock exchanges, business groups and others. The Principles have been endorsed by the World Bank and the International Monetary Fund (IMF). Moreover, they have formed the basis for many national principles. The Principles were revised in 2014 and in 2004.
