The Organization for Economic Cooperation and Development (OECD) approved guidelines for insurers and pension funds to strengthen public confidence in the insurance industry and protect pensions from mismanagement and fraud ( www.oecd.org/dataoecd/19/10/34799740.pdf ; www.oecd.org/dataoecd/ ). Both sets of guidelines draw from the corporate governance principles the OECD created in 1999 and revised in 2004.