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Legal Acts / Standards
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The 42 adhering governments to the OECD Guidelines for Multinational Enterprises have agreed on the terms of reference for carrying out an update of the Guidelines. The update aims to ensure their continued role as a leading international instrument for the promotion of responsible business conduct.
Phase 3 focuses closely on enforcement of the Convention, the 2009 Anti-Bribery Recommendation, as well as outstanding recommendations from Phase 2 and institutional or legislative changes since Phase 2.
The Guidelines are supported by a unique implementation mechanism of National Contact Points which assists enterprises and their stakeholders to take appropriate measures to further the objectives of the Guidelines
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The OECD Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions was adopted by the OECD Council on 26 November 2009. Annex II to the Recommendation, the Good Practice Guidance on Internal Controls, Ethics and Compliance was adopted on 18 February 2010.
The purpose of Phase 2 is to study the structures put in place to enforce the laws and rules implementing the OECD Anti-Bribery Convention and to assess their application in practice.
Phase 1 evaluates whether the legal texts through which participants implement the OECD Anti-Bribery Convention meet the standard set by the Convention and initial actions to implement the 1997 Revised Convention Recommendation. The evaluation also provides an opportunity for countries to learn from the experiences and approaches of others.
This Report by the Investment Committee transmits the results of a review initiated in 2007 to update members' positions under the OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations and the OECD National Treatment instrument of the OECD Declaration on International Investment and Multinational Enterprises.
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On 19 June 2009, the 38 countries party to the Convention on Combating Bribery of Foreign Public officials in International Business Transactions adopted a Policy Statement on Bribery in International Business Transactions, reaffirming the importance of the Convention and its implementation.
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Guidelines for Recipient Country Investment Policies relating to National Security have been adopted by the OECD to help governments maintain fair treatment of international investors while meeting their countries' security needs.