Jurisdiction(s):
United Kingdom

Key definition

OECD definition

What does OECD mean? In legal practice, “OECD” refers to the Organisation for Economic Co‑operation and Development, an intergovernmental body of 38 member countries (including the UK and Ireland) whose economic research, standards and policy recommendations often shape domestic law, treaty practice and compliance. The term is descriptive rather than a defined legal term; however, UK and Irish legislation, regulations and treaties frequently incorporate or refer to OECD instruments. Key touchpoints include: - Tax: the OECD Model Tax Convention, OECD Transfer Pricing Guidelines (used by HMRC and Irish Revenue as interpretative guidance), the BEPS project and Pillar Two/GloBE rules implemented in both jurisdictions. -...

G20/OECD Corporate Governance Principles (2023): Key Recommendations on Shareholders, Boards, Disclosure, Sustainability and Resilience, and Their International Benchmarking Role

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Practice notes

This Practice Note reviews the Principles of corporate governance (Principles) issued by the Group of 20 (G20) together with the Organisation for Economic Co-operation and Development (oecd). It offers brief background on the OECD and the G20 and explains the aims of the Principles. The note also highlights the main recommendations and how they shape policy makers’ agendas worldwide in practice today.

OECD

The OECD is an international organisation consisting of 38 member states. Established in 1961, its mission is to advance policies that enhance the economic and social well-being of people across the globe. It collaborates closely with emerging markets such as China, India and Brazil, and with other developing economies throughout Africa, Asia, Latin America and the Caribbean. Further details are available on the OECD website for interested readers to consult.

G20

The G20 is an intergovernmental forum bringing together leaders from the 20 largest economies in the world, which collectively generate about 90% of gross world product, 80% of global trade and roughly two-thirds of the planet’s population. Created in 1999 as a venue for finance ministers and central bank governors, it concentrated primarily on the operation of the international financial system from the outset in practice...

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Web page updated on 21/05/2026

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