The Organisation for Economic Co-operation and Development promotes policies designed:
- to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy;
- to contribute to sound economic expansion in Member as well as nonmember countries in the process of economic development; and
- to contribute to the expansion of world trade on a multilateral, nondiscriminatory basis in accordance with international obligations.
OECD Principles of Corporate Governance" defines Corporate Governance as providing the structure for determining organizational objectives and monitoring performance to ensure that objectives are attained. The OECD was careful to note that there is no one single model for good corporate governance and as such, different organizations may have different perspectives on what constitutes good governance.