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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  

Mathias M. Siems

Durham University - Durham Law School; University of Cambridge - Centre for Business Research

Oscar Salvador Alvarez-Macotela

Interdisciplinary Institute on Human Ecology and Sustainability (INTERHES); Social Value UK

Date Written: April 11, 2017

Abstract

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

Siems, Mathias M. and Alvarez-Macotela, Oscar Salvador, The G20/OECD Principles of Corporate Governance 2015: A Critical Assessment of Their Operation and Impact (April 11, 2017). Journal of Business Law, p. 310-328, 2017 . Available at SSRN: https://ssrn.com/abstract=3000329

Mathias Siems (Contact Author)

Durham University - Durham Law School ( email )

Stockton Road
Durham, County Durham DH1 3LE
United Kingdom

HOME PAGE: http://www.dur.ac.uk/mathias.siems

University of Cambridge - Centre for Business Research ( email )

Top Floor, Judge Business School Building
Trumpington Street
Cambridge, CB2 1AG
United Kingdom

HOME PAGE: http://www.cbr.cam.ac.uk/people/research-associates/mathias-m-siems/

Oscar Alvarez-Macotela

Interdisciplinary Institute on Human Ecology and Sustainability (INTERHES) ( email )

M. Lasala
Zaragoza, Aragon 50006
Spain

HOME PAGE: http://interhes.org/

Social Value UK

Graeme House
Derby Square
Liverpool, North West England L2 7ZH
United Kingdom
01517039229 (Phone)

HOME PAGE: http://www.socialvalueuk.org

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