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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.
The OECD Working Group on Bribery sharply criticised the Slovak Republic’s failure to bring its anti-bribery law on corporate liability into line with its international obligations under the OECD Anti-Bribery Convention.
Israel should be more proactive in detecting, investigating and prosecuting foreign bribery cases, notably those involving the defence industry, according to a new report by the OECD Working Group on Bribery.
OECD countries and the eight others who have signed the OECD Anti-Bribery Convention have committed to stepping up their fight against bribery and corruption, putting in place new measures that will reinforce their efforts to prevent, detect and investigate foreign bribery.
The OECD will host a high-level roundtable debate entitled “Foreign Bribery: Who Pays the Price?” on Wednesday 9 December 2009, International Anti-Corruption Day.
The OECD and the European Investment Bank have agreed to share their expertise in support of economic co-operation and sustainable development. OECD Secretary-General Angel Gurría and EIB President Philippe Maystadt signed a co-operation agreement to that effect today in Paris.
The OECD is pleased to see the commitment being made by the UK government to the fight against foreign bribery,” Mr Gurría said.
The global economy is recovering faster than expected but remains fragile. How quickly will global trade and investment bounce back after the sharp falls of the past year? What role can international investment play in building a stronger, cleaner, fairer global economy?
One of the agenda items at the G8 Summit in L’Aquila this week is expected to be a discussion of a proposed new “Global Standard” for international business dealings.
The 38-country OECD Working Group on Bribery welcomed recent progress by Turkey in its efforts to comply with the OECD Anti-Bribery Convention.