The economic crisis that started in 2007 gave rise to a crisis of legitimacy and a widespread collapse of trust in markets, in firms, and in the governance of our economies. We need to build up that trust again and the OECD Guidelines for Multinational Enterprises and the OECD Anti-Bribery Convention are essential tools for fighting bribery and promoting responsible corporate behaviour.
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This brochure describes the multiple domains where the OECD is engaged in fighting corruption and boosting integrity. It relates how the CleanGovBiz initiative is drawing together for the first time these anti-corruption tools under a single umbrella.
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Most policy makers agree that competitive neutrality is a sound idea and member governments of the OECD have demonstrated their commitment to a level playing field. This commitment has been voiced at the ministerial level on a number of occasions. Most recently on the occasion of the 2011 Commemoration of the 50th Anniversary of the OECD during the Meeting of the Council at Ministerial Level, the Chair remarked, “As the OECD enhances
Can I afford to heat my home this winter? Find a job and feed my family? Get treatment if I am sick? Will there be a decent education for my children, and an adequate pension for me? These questions affect us all, but in an interdependent globalised world, who is responsible for solving them?
Middle Eastern and North African countries should reform the governance of their state-owned enterprises to bring about greater public accountability and improve their efficiency, according to a new OECD report.
To reduce corruption and restore confidence in public institutions in the wake of the Arab Spring, governments in the Middle East and North Africa should improve the management and oversight of state-owned enterprises, which often play a major role in their economies.
This publication reviews provisions covering related party transactions and the protection of minority shareholder rights in 31 countries. It includes in-depth reviews of Belgium, France, Italy, Israel and India.
Related party transactions involve parties who can control the terms of a transaction in their favor potentially at the cost of the company. They include management, board members and controlling shareholders. The publication reviews provisions covering related party transactions and the protection of minority shareholder rights in 31 jurisdictions, both OECD and non-OECD. In addition, the regulatory and legal systems that have beeen developed in five jurisdictions are reviewed in detail and allow a wide range of experience to be compared and lessons drawn. They are, Belgium, France, Italy, Israel and India.
This workshop provided a range of legislative and regulatory options for policy makers and regulators in Indonesia seeking to improve the disclosure of beneficial ownership and control. The discussion focused on key issues of design and did not attempt to set out a detailed blueprint for a disclosure regime.
The first meeting of the OECD-India Corporate Governance Policy Dialogue focused on understanding the various facets of related party transactions and designing an appropriate enforcement mechanism for abusive transactions.