Corporate Governance: A Survey of OECD Countries

Author: Organization for Economic Cooperation and Development
Publisher:
Publication Date: Not available
Features: In accordance with the provisions of the Convention signed in Paris on December 14, 1960 (effective from September 30, 1961), the Organization for Economic Cooperation and Development (OECD) will promote the formulation of the following policies:
· Achieve sustainable optimal economic growth, employment, and improvements in living standards in member countries while maintaining fiscal stability, thereby contributing to the development of the world economy.
· Promote healthy economic expansion for member and non-member countries during the process of economic development.
· Promote the expansion of world trade on a multilateral and non-discriminatory basis in accordance with international obligations.
The initial member countries of the OECD were Austria, Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United States. The following countries joined and became members on the respective dates: Japan (April 28, 1964), Finland (January 28, 1969), Australia (June 7, 1971), New Zealand (May 29, 1973), Mexico (May 18, 1994), the Czech Republic (December 21, 1995), Hungary (May 7, 1996), Poland (November 22, 1996), South Korea (December 12, 1996), and Slovakia (December 14, 2000). The European Community Commission also participates in OECD activities (Article 13 of the OECD Convention).