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The OECD has now taken an important step to facilitate the use of the OECD Principles of Corporate Governance. It has released a Methodology for Assessing Implementation of the OECD Principles.
This Annual Report provides an account of the actions the 39 adhering governments have taken over the 12 months to June 2006 to enhance the contribution of the Guidelines to the improved functioning of the global economy. One highlight of this reporting period was the completion of guidance for companies operating in weak governance zones.
The UN Secretary General’s Special Representative on business and human rights, has just published a survey of the human rights practices of the Fortune Global 500 companies. The survey results include information on the Global 500 companies’ references to external instruments, including to the OECD Guidelines for Multinational Enterprises.