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South Africa should step up its efforts to detect, investigate and prosecute cases of bribery in international business deals, according to a new report by the OECD’s Working Group on Bribery.
“The introduction of corporate liability into the Slovak Republic’s legislation is a very welcome development,” Mr. Gurría commented. “It sends a strong message of commitment to the fight against corruption and helps create a level playing field for firms competing internationally.”
“For the global economy, corruption is dangerous,” he said at the OECD in Paris on 31 May. “The consequence is economic decay, not development. And that’s why corruption demands a truly global response – one that knows no limits on collaboration.”
Phase 3 focuses closely on enforcement of the Convention, the 2009 Anti-Bribery Recommendation, as well as outstanding recommendations from Phase 2 and institutional or legislative changes since Phase 2.
Governments in the Middle East and North Africa increasingly recognise that gender equality - encouraging the talents, skills, education and productivity of all their citizens, including women - will make their countries stronger.
OECD Secretary-General Angel Gurría today welcomed the passage into law of the UK Bribery Bill.
Turkey has made significant progress in its efforts to combat bribery in international business deals by fully implementing all but one of the recommendations made by the OECD Working Group on Bribery since 2007.
Companies should put in place strict internal controls and establish ethics and compliance programmes as part of a strategy to combat bribery in international business deals, according to a new guidance agreed by the 38 countries that are party to the OECD Anti-Bribery Convention.
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The OECD Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions was adopted by the OECD Council on 26 November 2009. Annex II to the Recommendation, the Good Practice Guidance on Internal Controls, Ethics and Compliance was adopted on 18 February 2010.