Newly endorsed G20/OECD Principles of Corporate Governance

In November of 2015, G20 leaders officially endorsed updates to the G20/OECD Principles of Corporate Governance. Originally released in 1999, and last revised in 2004, the Principles were once again in need of update following the rapidly changing landscape in both financial and corporate sectors, particularly due to the global financial crises of 2007/2008. According to a summary of the new Principles published in December of 2015, corporate governance is defined as “a means to create market confidence and business integrity, which in turn is essential for companies that need access to equity capital for long term investment.