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This framework is structured as

1. Principles - Major statements;
2. Guidelines - Statements that elaborate on the Principles; and,
3. Explanatory Notes - Statements that provide further detail to assist implementation.

The Principles are presented in a form that emphasises collective and individual role clarity as a basis for effective corporate governance. Structure and recognition are then addressed before relationships and a range of key corporate governance activities. The Principles conclude with guidance on the ongoing process for improving the organisation's system of corporate governance. 

The 11 Principles for Good Corporate Governance are as follows:

1. Appropriate governing roles are understood and enacted;
2. The board is structured to fulfil the required governing role;
3. The responsibilities of board members are understood and enacted;
4. The relationship between board and CEO is effective;
5. The dynamic within the board is effective;
6. Stakeholders are understood and respected;
7. The board is appropriately engaged in strategy;
8. The board monitors performance, risk and finances effectively;
9. The board engages appropriately in accountable and ethical decision making; and,
10. The board and board members' ability to add value is consciously and continuously developed.
11. Board members and staff are recognised fairly and appropriately; 

It should be noted that multiple themes of corporate governance run through The Principles, without being explicitly stated as separate principles. Content relevant to each of these themes have been woven into the 11 Principles. These themes include the:

1. Importance of values. Values should be considered during all corporate governance activities. Effective corporate governance is enabled by the presence of appropriate individual values and the alignment of those values between individuals and with those of the broader public sector;
2. Critical supporting role of processes and policies. Processes and policies require definition and regular review to maintain relevance and presence in the minds of those who use them; and,
3. Strengths and weaknesses of representative boards. Representative boards are faced with unique challenges that need to be considered in the context of each Principle.

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