The OECD Principles of Corporate Governance, established in 1999, aim to promote responsible corporate management practices that protect the interests of shareholders, ensure transparency, and enhance the efficiency and accountability of companies. These principles are based on the experiences of OECD member countries and the organization's previous work, including the 1998 Consultative Group on Corporate Governance. The principles emphasize the importance of shareholder rights, equal treatment of shareholders, the role of stakeholders in corporate governance, transparency in information disclosure, and the responsibilities of the board of directors. They are designed to guide governments, businesses, and other stakeholders in developing and improving corporate governance frameworks that align with international standards. The principles are not legally binding but serve as a foundation for evaluating and enhancing existing laws and regulations. They encourage collaboration between governments, private sector entities, and international organizations to foster a more transparent and accountable corporate environment. The principles also recognize the importance of corporate governance in ensuring long-term economic stability, investor confidence, and the overall health of national economies. The OECD continues to refine and update these principles to reflect evolving global economic conditions and best practices in corporate governance.The OECD Principles of Corporate Governance, established in 1999, aim to promote responsible corporate management practices that protect the interests of shareholders, ensure transparency, and enhance the efficiency and accountability of companies. These principles are based on the experiences of OECD member countries and the organization's previous work, including the 1998 Consultative Group on Corporate Governance. The principles emphasize the importance of shareholder rights, equal treatment of shareholders, the role of stakeholders in corporate governance, transparency in information disclosure, and the responsibilities of the board of directors. They are designed to guide governments, businesses, and other stakeholders in developing and improving corporate governance frameworks that align with international standards. The principles are not legally binding but serve as a foundation for evaluating and enhancing existing laws and regulations. They encourage collaboration between governments, private sector entities, and international organizations to foster a more transparent and accountable corporate environment. The principles also recognize the importance of corporate governance in ensuring long-term economic stability, investor confidence, and the overall health of national economies. The OECD continues to refine and update these principles to reflect evolving global economic conditions and best practices in corporate governance.