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the oecd and g20 are currently reviewing the g20 oecd principles of corporate governance the main international standard for corporate governance the principles were first issued by the oecd in 1999 and were endorsed by g20 leaders in 2015. today 53 jurisdictions adore to the principles representing 90 of global gdp the financial stability board has endorsed the principles as one of the key standards for sound financial systems and the world bank uses them for national corporate governance assessments the role of the principles is to help policymakers evaluate and improve the legal regulatory and institutional framework for corporate governance the principles have six pillars the corporate governance framework shareholders institutional investors and stock markets other stakeholders disclosure and boards by promoting sound corporate governance the principles fulfill three major functions for our economies promoting access to finance innovation and entrepreneurship providing a framework
