There have been inaccurate reports that the OECD has announced an investigation into G4S, a UK company that provides security equipment and services. It is in fact the UK National Contact Point for the OECD Guidelines of Multinational Enterprises that is looking at a complaint.
The European Commission has proposed an integrated EU approach to stop profits from trading minerals being used to fund armed conflicts. The package of measures aims to make it more difficult for armed groups in conflict-affected and high-risk areas to finance their activities through the mining of and trade in minerals.
Statement by the OECD Corporate Governance Committee re Slovenia following a discussion focused on the recommendations concerning the new central ownership agency and the transformation of the pension fund (KAD) and the restitution fund (SOD).
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.
Ministers from OECD and developing economies will today agree new guidelines to promote more responsible international business conduct by multinational enterprises, and a second set of guidelines to limit the use of conflict minerals.
Companies worldwide will be given greater guidance and support on how to conduct their business responsibly and report on their sustainability performance thanks to a partnership between the Global Reporting Initiative and OECD.
The OECD Guidance for Responsible Supply Chain Management of Minerals from Conflict-Affected and High-Risk Areas was endorsed by the ICGLR on 30 September 2010 and will be put forward for adoption at the ICGLR’s Special Summit of Heads of States on 19 November 2010 as part of a package of tools designed to improve transparency and accountability in the minerals sector.
(New York/Paris, 27 October 2009) – The United Nations Global Compact and the OECD have recently begun to enhance their collaborative efforts, particularly in countries that have both Global Compact Local Networks and National Contact Points NCPs on the OECD Guidelines for Multinational Enterprises.
The financial crisis revealed serious shortcomings in corporate governance around the world. What lessons can companies and regulators learn from the crisis? And what role can they play in improving global governance standards to help rebuild trust and confidence in financial markets?