The G20/OECD Principles of Corporate Governance 2015: A Critical Assessment of Their Operation and Impact
Journal of Business Law, p. 310-328, 2017
20 Pages Posted: 18 Jul 2017
Date Written: April 11, 2017
The OECD promotes the 2015 version of the Principles of Corporate Governance as a means ‘to support investment as a powerful driver of growth’. But how realistic is this ambition? This paper provides a critical assessment of the operation and impact of these Principles. It maps the governance model of the Principles and discusses their impact on state legislation and corporate governance at the firm level. It concludes that there are various problems with the operation of the Principles as far as they are regarded as a universal benchmark, while they can be a useful ‘common frame of reference’ for the debate about corporate governance reform in academia and practice.
Keywords: Corporate Governance, Company Law, OECD, Networked Governance, Trust
JEL Classification: F63, G34, K22, M14, O16
Suggested Citation: Suggested Citation