OECD Principles of Corporate Governance

  • Nobuyuki Demise

6. Conclusion

The OECD Secretary-General said that trust and integrity play an essential role in economic life and for the sake of business and future prosperity, it has to be ensured they are properly rewarded. He hoped that the OECD Principles of Corporate Governance helped to develop a culture of values for professional and ethical behavior on which well-functioning markets depended. OECD recognized the need to adapt implementation to varying legal economic and cultural circumstances, and adopted a non-binding principles approach.

The original OECD Principles influence the Principles of Corporate Governance for Listed Companies presented by the TSE in 2004. However, presently the revised OECD Principles do not have such a great influence on Japanese society, although there is an increasing effort toward reforming corporate governance regimes in Japan.

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References

  1. OECD (1999) OECD Principles of Corporate Governance.Google Scholar
  2. Monks AG, Minow N (2004) Corporate Governance, 3rd ed. Blackwell Publishing.Google Scholar
  3. Iskander MR, Chamlou N (2000) Corporate Governance: A Framework for Implementation. The World Bank Group.Google Scholar
  4. Wearing R (2005) Cases in Corporate Governance. Sage.Google Scholar
  5. MacAvoy PW, Milstein IM (2003) The Recurrent Crisis in Corporate Governance. Palgrave Macmillan.Google Scholar
  6. OECD (2004a) Corporate Governance; A Survey of OECD Countries.Google Scholar
  7. OECD (2004b) OECD Principles of Corporate Governance.Google Scholar

Copyright information

© Nobuyuki Demise, Yumiko Miwa, Mariko Nakabayashi, Yoko Nakoshi 2006

Authors and Affiliations

  • Nobuyuki Demise

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