ABSTRACT
This chapter shows that one of the key advantages of the Economic Co-operation and Development (OECD) Principles of Corporate Governance is that they address both the behavioural and regulatory aspects of the corporate governance debate. The OECD promotes policies that contribute to economic growth and development. The Principles were drafted so as to be a clear and accessible reference point for considering corporate governance arrangements. The challenge for the OECD Principles will be to evolve to deal adequately with new issues arising in the corporate landscape. The corporate governance framework should ensure that timely and accurate disclosure is made on all material matters regarding the corporation, including the financial situation, performance, ownership, and governance of the company. The corporate governance framework should ensure the strategic guidance of the company, the effective monitoring of management by the board, and the board’s accountability to the company and the shareholders.
