VNIDA is pleased to introduce to the Companies, Investors and audiences: on September 11, the G20/OECD officially published the latest version of the G20/OECD Principles of Corporate Governance.

This 2023 edition of the G20/OECD Principles of Corporate Governance is the outcome of comprehensively examining and updating the main international benchmark, best practices and global trends on the legal framework for corporate governance. It aims at providing guidance to help policymakers and management authorities evaluate and improve the legal regime on corporate governance in each country. The 2023 G20/OECD Principles of Corporate Governance was also issued with the view of promoting market openness and transparency, enhancing economic efficiency, promoting sustainable development and stabilizing the economic and financial system.

For companies and investors, the latest version of the G20/OECD Principles of Corporate Governance aims to help companies access finance from capital markets to promote investment and innovation; providing an effective framework to protect investors through increased transparency and accountability of the company’s management and executive teams. Simultaneously, this 2023 version of G20/OECD Principles of Corporate Governance also set goals to facilitate companies’ resilience effectively and sustainably, as well as stabilize the economy in general.

In particular, in this update and revision, the G20/OECD Principles of Corporate Governance also recognize and integrate issues related to corporate governance per the Environment, Social and Governance standards (ESG); and also be revised to be appropriate with the context of increasing roles of corporate debt and bondholders in capital markets.

The G20/OECD Principles of Corporate Governance 2023-version (in English) are published for reference and download at:

https://doi.org/10.1787/ed750b30-en or G20OECD Principles of Corporate Governance 2023.pdf

VNIDA kindly appreciates the efforts of the G20 and OECD groups in constantly enhancing and standardizing the Principles of Corporate Governance, as well as promoting the development of a sustainable market.