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The Organization of Economic Development (OECD) has put forward some principles of corporate governance.
Which of the following is NOT one of these principles:
Disclosure and Transparency
The right of all stakeholder should be recognised
There should be strategic guidance of the entity
The board should have a balance of Executive and non-executive directors.
Why is the last option the correct answer?
See page 10 of the lecture notes.
The make-up of the board is an aspect of the UK Corporate Governance Code – not an OECD principle.