The OECD Principles of Corporate Governance, developed by the Organisation for Economic Co-operation and Development (OECD), provide a framework for effective corporate governance. These principles aim to promote sustainable economic growth, enhance living standards, and support global trade by ensuring transparency, accountability, and fairness in corporate management. The OECD, originally founded by 18 member countries, has expanded to include additional nations, and its work involves collaboration with international organizations and the private sector. The principles emphasize the importance of protecting shareholders' rights, ensuring equal treatment of all shareholders, recognizing the role of stakeholders, promoting transparency, and defining the responsibilities of the board of directors. They are not legally binding but serve as a guide for governments, companies, and investors to evaluate and improve their corporate governance frameworks. The principles are designed to be adaptable to different legal and institutional environments, acknowledging that no single model of good corporate governance exists. Key elements include the right of shareholders to participate in decision-making, the need for fair treatment of all shareholders, the importance of stakeholder engagement, and the necessity for transparent financial and operational reporting. The board of directors is tasked with strategic oversight, ensuring compliance with laws, and maintaining accountability. The principles also highlight the importance of ethical behavior, risk management, and the need for continuous improvement in corporate governance practices. These principles are part of a broader international effort to enhance transparency, integrity, and the rule of law in business practices. They encourage collaboration among governments, international organizations, and the private sector to improve corporate governance globally. The OECD remains committed to reviewing and updating the principles to reflect evolving business practices and global economic conditions.The OECD Principles of Corporate Governance, developed by the Organisation for Economic Co-operation and Development (OECD), provide a framework for effective corporate governance. These principles aim to promote sustainable economic growth, enhance living standards, and support global trade by ensuring transparency, accountability, and fairness in corporate management. The OECD, originally founded by 18 member countries, has expanded to include additional nations, and its work involves collaboration with international organizations and the private sector. The principles emphasize the importance of protecting shareholders' rights, ensuring equal treatment of all shareholders, recognizing the role of stakeholders, promoting transparency, and defining the responsibilities of the board of directors. They are not legally binding but serve as a guide for governments, companies, and investors to evaluate and improve their corporate governance frameworks. The principles are designed to be adaptable to different legal and institutional environments, acknowledging that no single model of good corporate governance exists. Key elements include the right of shareholders to participate in decision-making, the need for fair treatment of all shareholders, the importance of stakeholder engagement, and the necessity for transparent financial and operational reporting. The board of directors is tasked with strategic oversight, ensuring compliance with laws, and maintaining accountability. The principles also highlight the importance of ethical behavior, risk management, and the need for continuous improvement in corporate governance practices. These principles are part of a broader international effort to enhance transparency, integrity, and the rule of law in business practices. They encourage collaboration among governments, international organizations, and the private sector to improve corporate governance globally. The OECD remains committed to reviewing and updating the principles to reflect evolving business practices and global economic conditions.