A major challenge facing the Republic of Buryatia, subject of the Russian Federation, is how to balance the task of protecting Lake Baikal – a unique water object and ecological system included in the UNESCO list of World Natural Heritage Areas – with the need for dynamic and sustainable socio-economic development of the republic. This requires streamlining and improving water policy jointly with economic, administrative, information and other policy instruments. The recommendations in this report aim to help achieve this objective. They include the introduction of abstraction charges for irrigation water as a natural resource; enhancement of state support to the water sector; and improvement of economic instruments for managing risks of water-related hazards (such as compulsory insurance and differentiated land tax rates in flood prone areas). A few innovative instruments are also recommended for pilot testing such as establishing limits for discharges of certain hazardous substances in a pilot area (e.g. Selenga river basin) and progressive development of market for tradable quotas for discharges of the “capped” pollutants; and introducing a charge (tax) on toxic agricultural chemicals (pesticides, herbicides, etc.) and synthetic detergents so that to create incentives for the reduction of diffuse water pollution.
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In the first half of 2016, global FDI flows decreased by 5%, as compared to the second half of 2015, to USD 793 billion but remain above half-year trends observed in 2013 and 2014. In Q1 2016, FDI flows rose to USD 513 billion due to large flows in the United States and, to a lesser extent, in the United Kingdom after Royal Dutch Shell bought British Gas. FDI flows then decreased 46% to USD 279 billion in the second quarter.
19 October 2016, Paris: The upsurge of SOEs as global competitors has given rise to concerns related to a level playing field. This workshop focused on the topic of SOEs as global competitors.
Taking risks is a fundamental driving force in business and entrepreneurship. To reap the full rewards of risk-taking, however, firms need to have in place effective risk management practices. This publication provides a stocktaking of ways in which SOEs and those exercising the state’s ownership role address the issue of risk management from the perspective of corporate governance (“risk governance”), as recommended in the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report looks at this issue from three perspectives: by taking stock, first, of national legal and regulatory SOE risk management frameworks, and then by taking stock of risk-management practices at the level of the SOE and then at the level of the state.
Responsible business conduct (RBC) is recognised as an important part of the investment climate and is increasingly integrated within public policies aimed at attracting better investment and enhancing sustainable development.
Ukraine’s post-Maidan authorities have embarked upon an ambitious reform programme to improve the country’s framework for investment and strengthen the country as an attractive investment destination. This review, which was prepared in close cooperation with the Ukrainian authorities in response to their 2011 request to adhere to the Declaration on International Investment and Multinational Enterprises (OECD Declaration), analyses the general investment framework as well as recent reform, and shows where further efforts are necessary. It assesses Ukraine’s ability to comply with the principles of openness, transparency and non-discrimination and its policy convergence with international investment standards such as the OECD Declaration. In light of the recently updated OECD Policy Framework for Investment, it also studies other areas such as investment promotion and facilitation, infrastructure development; financial sector development and responsible business conduct practices. In the scarcely two years since a new attempt at economic reforms was launched in earnest, Ukraine has made quite important progress in introducing a modern legal framework for investment. But additional efforts are required in some policy areas to reaffirm Ukraine’s attractiveness for investors.
17 September 2016, Washington DC - This event brought together legal practitioners and experts to focus on how international standards on responsible business conduct are impacting legal practice as well as how legal tools can be used to strengthen ethical business practices throughout global supply chains.
The Latin American Corporate Governance Roundtable was established in April 2000 in order to facilitate public and private sector policy dialogue by providing a forum for the exchange of experiences.
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This report provides an update on the main developments regarding the implementation of the G20/OECD High-level Principles of Corporate Governance. It was circulated to G20 Finance and Central Bank Deputies at their meeting in Xiamen, China, and is now being transmitted to G20 Finance Ministers and Central Bank Governors and G20 Leaders at their July and September 2016 meetings, respectively.
Quatre décennies après leur adoption, les Principes directeurs de l’OCDE à l’intention des entreprises multinationales sont plus utiles que jamais pour faire en sorte que les entreprises adoptent un comportement responsable, où qu’elles opèrent.