Promoting business integrity through strengthened corporate governance
Todays’ business leaders have an unprecedented opportunity, and responsibility, to show that companies can do good by doing well. Whether, how and to what extent they decide to make good use of their power is a key challenge for us all.
The OECD has a wealth of legal and policy instruments designed to promote responsible business practices, including the OECD Guidelines for Multinational Enterprises, the OECD Principles on Corporate Governance, the OECD Anti-Bribery Convention, and OECD anti-cartel recommendations. These instruments advise governments on how to create fair market conditions, and often provide companies with guidance on how to comply with the rules set by their governments.
Despite this framework, however, there remains a gap between what these rules for business say, and how they are implemented. The goal of the TNB Project is to address this implementation gap
Working with governments, business, and civil society, the project promotes a discussion about the effective integration of business integrity considerations into a company’s decision making. This underpins the responsibilities of the board and executive management as defined in the G20/OECD Principles of Corporate Governance and aims to help companies better mitigate the risk of being used for, or engaging in, serious corporate misconduct.