The G20/OECD Principles of Corporate Governance 2015: A Critical Assessment of their Operation and Impact

Siems, Mathias; Alvarez-Macotela, Oscar

The G20/OECD Principles of Corporate Governance 2015: A Critical Assessment of their Operation and Impact

Siems, Mathias; Alvarez-Macotela, Oscar

Authors

Mathias Siems

Oscar Alvarez-Macotela

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 article 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 insofar 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.

Citation

Siems, M., & Alvarez-Macotela, O. (2017). The G20/OECD Principles of Corporate Governance 2015: A Critical Assessment of their Operation and Impact. Journal of Business Law, 2017(4), 310-328

Journal Article Type	Article
Acceptance Date	Apr 21, 2016
Online Publication Date	May 16, 2017
Publication Date	May 16, 2017
Deposit Date	May 20, 2016
Publicly Available Date	May 16, 2018
Journal	Journal of Business Law
Print ISSN	0021-9460
Publisher	Sweet and Maxwell
Peer Reviewed	Peer Reviewed
Volume	2017
Issue	4
Pages	310-328
Publisher URL	http://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?recordid=476

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Copyright Statement
This is a pre-copyedited, author-produced version of an article accepted for publication inJournal of Business Law following peer review. The definitive published version Siems, Mathias & Alvarez-Macotela, Oscar (2017). The G20/OECD Principles of Corporate Governance 2015: A Critical Assessment of their Operation and Impact. Journal of Business Law 2017(4): 310-328 is available online on Westlaw UK or from Thomson Reuters DocDel service.