The new draft of the OECD Principles of Corporate Governance adds new specifications on investor and creditor rights, and, say corporate counsel, generally adopts the right approach. Des Cahill reports
January 28, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
A revised draft of the OECD Principles of Corporate Governance, published in 1999, sets more demanding standards for companies in a host of areas, including giving investors the right to appoint directors.
“Recent events have highlighted a number of areas in which the Principles can appropriately be strengthened,” OECD secretary general Donald J.
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