Corruption

Propriety, Integrity and Transparency

 

 

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

The financial crisis and its aftermath have revealed the extent to which the good functioning of markets and hence of the world economy depends on propriety, integrity and transparency in the conduct of business. Countries around the globe have a shared interest in strong, clean and fair markets and in ensuring they deliver sustainable growth and development.

 

The OECD has worked for many years on developing standards and tools for a stronger, cleaner and fairer economy. It contributed to the elaboration of the “Lecce Framework” adopted by the G8 finance Ministers in Lecce in June 2009. This ultimately resulted in the adoption by OECD countries as well as Brazil and Russia at the 2010 OECD Council Ministerial Meeting, under Italian chairmanship, of the The Declaration on Propriety, Integrity and Transparency in the Conduct of International Business and Finance (the PIT Declaration). Colombia, Morocco and Tunisia adhered to the PIT Declaration on the occasion of the 2012 OECD Ministerial Meeting, followed by Croatia in July 2012.

 

The PIT Declaration sets out the political commitments of OECD and other adhering countries in the areas of competition, corporate governance, investment and responsible business conduct, tax co-operation, anticorruption, interaction between government and business, quality of regulation and financial literacy and consumer protection.

 

The PIT Declaration is open to adherence by non-OECD countries.

 

Contact us

Requests for further information should be addressed to
Nejla Saula, Legal Adviser, General Secretariat
[Tel: +33 1 4524 8751 nejla.saula@oecd.org]

Permanent URL for this page: www.oecd.org/PIT

 

 

   

Boosting integrity and fighting corruption at the OECD

This brochure describes the multiple domains where the OECD is engaged in fighting corruption and boosting integrity

DOCUMENTS AND LINKS

OECD instruments

Text of the PIT Declaration

2012 update on implementation

The OECD Secretary General’s 2010 Strategic Orientations 

2010 OECD Ministerial Meeting

The G20 Action Plan Against Corruption

2011 update on implementation


 OECD INSTRUMENTS WITHIN THE FRAMEWORK OF THE PIT DECLARATION

Anti-corruption

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

 

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

 

 

Competition

OECD Recommendation on Competition Assessment

 

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

 

Fighting bid rigging in public procurement

 

Recommendation concerning Structural Separation in Regulated Industries

 

OECD Recommendation on Merger Review

 

Anticompetitive practices affecting international trade - OECD Recommendation concerning co-operation between OECD countries

 

Corporate governance

OECD Principles of Corporate Governance

 

OECD Guidelines on Corporate Governance of State-Owned Enterprises

 

Financial literacy and consumer protection

Recommendation on Principles and Good Practices for Financial Educationand Awareness(pdf)


Recommendation on Good Practices for Financial Education and Awareness Relating to Credit (pdf)

 

G-20 High-level Principles on Financial Consumer Protection

  

Interaction between government and business

2008 Recommendation on Enhancing Integrity in Public Procurement

 

2003 Recommendation for Managing Conflict of Interest in the Public Service

 

1998 Recommendation on Improving Ethical Conduct in the Public Service

 

OECD Recommendation on Principles for Transparency and Integrity in Lobbying

 

Investment and responsible business conduct

 

OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

 

The Policy Framework for Investment (PFI)

 

OECD Risk Awareness Tool for Multinational Enterprises in Weak Governance Zones

 

Quality of regulation

Recommendation on Improving the Quality of Government Regulation


Guiding Principles for Regulatory Quality and Performance


Policy Framework for Effective and Efficient Financial Regulation

 

Tax co-operation

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

 

 

 

 

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