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OECD Trust in Business Initiative

 

Strengthening trust in the business ecosystem

The global environment has shifted: heightened interconnectivity, rising inequalities, slowing productivity, environmental degradation, corruption, disruptive technological innovations, and reshaping regional-global dynamics are transforming the role of business in society. This complex environment affects expectations vis-à-vis business. Increasingly in today’s operating environment, success is measured by long-term value creation, anti-corruption, responsible business conduct in value chains and maintaining the social licence to operate have never been higher on the business agenda. 

 

Yet, trust in business and institutions is declining. Generating trust is a key factor for establishing conditions of economic development, including the efficient allocation of capital, innovation, productivity and business relationships. The OECD Trust in Business initiative is a platform for leaders to catalyse good corporate conduct, examine market incentives for business decision-making and respond to the expectations of society in meeting current and future challenges.

 

The initiative promotes coordinated action to strengthen trust in the business ecosystem through:

  • Capacity building solutions
  • Research and knowledge creation
  • Ensuring implementation of guidelines and standards
  • Promoting partnerships
  • A forum for co-operation and collaboration

Directed by the Trust in Business Network (TriBuNe), the Trust in Business initiative is a global multi-stakeholder community committed to strengthening trust in business, by levelling the playing field and ensuring long-term value creation.

 

Interested organisations and institutions are invited to join the initiative.

 

Download the flyer

 

 

Trust in Business Forum

The inaugural OECD Trust in Business Forum took place in Paris on 1-2 October 2019.


 

Contact us

To find out more about how to participate in this initiative, please contact Isabel Cane (Isabel.CANE@oecd.org)

 

 

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 Perspectives on trust in business

250‌Strengthening Trust in Business

9 September 2019 - The 2019 OECD Business and Finance Outlook provides an assessment of factors that contributed to a deterioration of trust during the Global Financial Crisis; reviews recent developments that could contribute to a renewed erosion of trust; and, offers policy considerations to help strengthen public trust in business and finance.

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OECD instruments and resources

ANTI-BRIBERY
www.oecd.org/daf/anti-bribery/

 

OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions 

 

2009 Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions

 

Good Practice Guidance on Internal Controls, Ethics, and Compliance

 


COMPETITION
www.oecd.org/daf/competition/

 

OECD Recommendation on competition assessment

 

OECD Recommendation on effective action against hard core cartels

 

Best Practices for the Formal Exchange of Information Between Competition Authorities in Hard Core Investigations

 

OECD Recommendation on fighting bid rigging in public procurement

 

OECD Recommendation concerning international co-operation on competition investigations and proceedings

 

Fighting corruption and promoting competition

 

Challenges of international co-operation in competition law enforcement


CORPORATE GOVERNANCE AND ACCOUNTABILITY
www.oecd.org/corporate

 

G20/OECD Principles of Corporate Governance

 

OECD Guidelines on Corporate Governance of State-Owned Enterprises

 

Anti-corruption and Integrity Guidelines for State-Owned Enterprises

 

Corporate Governance and Business Integrity: a Stocktaking of Corporate Practices

 

Corporate Governance and the Financial Crisis

 

Accountability and Transparency: a Guide for State Ownership

 

Risk Management and Corporate Governance

 

Board Practices: Incentives and Governing Risks

 

Supervision and Enforcement in Corporate Governance

  

 

RESPONSIBLE BUSINESS CONDUCT

 

OECD Due Diligence Guidance

 

The Policy Framework for Investment (PFI)

 

OECD Risk Awareness Tool for Multinational Enterprises in Weak Governance Zones
 

TAX AND CRIME
www.oecd.org/corruption/crime/

 

2009 Recommendation on Tax Measures for Further Combating Bribery of Foreign Public Officials in International Business Transactions

 

Standards on Transparency and Effective Exchange of Information

 

Recommendation on the Use of the OECD Model Memorandum of Understanding on Automatic Exchange of Information for Tax Purposes

 

Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations

 

Global Forum on Transparency and Exchange of Information for Tax Purposes

 

Bribery and Corruption Awareness Handbook for Tax Examiners and Tax Auditors

 


OTHER RESOURCES

 

OECD Strategic Approach to Combating Corruption and Promoting Integrity

 

OECD Recommendation on Public Integrity

 

OECD Declaration on Propriety, Integrity and Transparency in the Conduct of International Business and Finance

 

Policy Framework for Effective and Efficient Financial Regulation

 

Anti-Corruption Ethics and Compliance Handbook for Business

 

Behind the Corporate Veil: Using Corrupt Entities for Illicit Purposes

 

Fighting corruption in the public sector at the OECD


 

 

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