Briefly explain OECD principles of Corporate Governance.

The OECD Principles of Corporate Governance set out a framework for good practice which was agreed by the governments of countries that are members of the OECD. They were designed to assist governments and regulatory bodies in both OECD countries and elsewhere in drawing up and enforcing effective rules, regulations and codes of corporate governance. They also provide guidance for stock-exchanges, investors, companies and others that have a role in the process of developing good corporate governance. OECD Principles of Corporate Governance Call on governments to have in place an effective institutional and legal framework to support good corporate governance practices. Call for a corporate governance framework that protects and facilitates the exercise of shareholders' rights. Strongly support the equal treatment of all shareholders, including minority and foreign shareholders. Recognise the importance of the role of stakeholders in corporate governance. Look at the importance of timely, accurate and transparent disclosure mechanisms Deal with board structures, responsibilities and procedures.