CEFR C1

oecd guidelines

noun phrase

Meaning

A set of rules and principles created by the Organisation for Economic Co-operation and Development (OECD) to promote good governance, transparency, and accountability in areas such as taxation, competition, and environmental protection.

Examples

  • The company had to comply with the OECD guidelines on corporate governance to avoid any legal issues.
  • The OECD guidelines on taxation helped to reduce tax evasion and increase revenue for the government.