The following Corporate guidance note Produced in partnership with Professor Brenda Hannigan of University of Southampton provides comprehensive and up to date legal information covering:
This Practice Note discusses the Principles of Corporate Governance (Principles) published by the Group of 20 (G20) and the Organisation for Economic Co-operation and Development (OECD). It provides some background information on the OECD and the G20 and discusses the purpose of the Principles. The Practice Note also considers the key recommendations of the Principles and their influence on policy makers globally.
The OECD is an international organisation made up presently of 35 member countries. It was founded in 1961 and its mission is to promote policies that will improve the economic and social well-being of people around the world.
The 35 member countries include most of the world’s most advanced countries, but also emerging countries like Chile and Turkey. The OECD works closely with emerging economies like China, India and Brazil and developing economies in Africa, Asia, Latin America and the Caribbean.
More information can be found at the OECD website.
The G20 is an informal forum comprising the leaders of the 20 largest economies in the world, which together account for just over 80% of gross world product, three-quarters of global trade and around two-thirds of the world’s population.
The G20 was founded in 1999 as a forum for meetings of finance ministers and central bankers and it focused on the workings of the international financial system. As
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