Group Members

Tejas Soman

Anand Singh

Mukul Saigal

Vijay Rana

Peeyush Sahu

Ravi Ranjan1

Objective of OECD: –

• to achieve the highest sustainable economic growth and employment and

a rising standard of living in member countries, while maintaining financial

stability, and thus to contribute to the development of the world economy;

• to contribute to sound economic expansion in member as well as non-

member countries in the process of economic development; and

• to contribute to the expansion of world trade on a multilateral, non-

discriminatory basis in accordance with international obligations. Policies

that will improve the economic and social well-being of people around the

world.

• Provide a forum in which governments can compare and exchange policy

experiences, identify good practices and promote decisions and

recommendations to produce better policies for better lives.

• The common thread of our work is a shared commitment to market

economies backed by democratic institutions and focused on the well-

being of all citizens.

• Along the way, we also set out to make life harder for the terrorists, tax

dodgers, crooked businessmen and others whose actions undermine a fair

and open society.

What’s OECD

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The OECD Principles of Corporate Governance and its

Annotations

• Ensuring the Basis for an Effective Corporate

Governance Framework

• The Rights of Shareholders and Key Ownership Functions

• The Equitable Treatment of Shareholders

• The Role of Stakeholders in Corporate Governance

• Disclosure and Transparency

• The Responsibilities of the Board

The Report

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• The corporate governance framework should promote

transparent and efficient markets, be consistent with the

rule of law and clearly articulate the division of

responsibilities among different supervisory, regulatory and enforcement authorities.

Ensuring the Basis for an Effective Corporate Governance

Framework

4

The corporate governance framework should protect and facilitate the exercise of shareholders’ rights.

The Rights of Shareholders and Key Ownership Functions

5

The corporate governance framework should ensure

the equitable treatment of all shareholders, including

minority and foreign shareholders. All shareholders

should have the opportunity to obtain effective redress for violation of their rights.

The Equitable Treatment of Shareholders

6

The corporate governance framework should

recognize the rights of stakeholders established by

law or through mutual agreements and encourage

active co-operation between corporations and

stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprises.

The Role of Stakeholders in Corporate Governance

7

The corporate governance framework should ensure

that timely and accurate disclosure is made on all

material matters regarding the corporation, including

the financial situation, performance, ownership, and governance of the company.

Disclosure and Transparency

8

The corporate governance framework should ensure

the strategic guidance of the company, the effective

monitoring of management by the board, and the

board’s accountability to the company and the shareholders.

The Responsibilities of the Board

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