Ministers from OECD and developing economies will today agree new guidelines to promote more responsible international business conduct by multinational enterprises, and a second set of guidelines to limit the use of conflict minerals.
Most G20 governments have put in place new restrictive trade measures over the past six months but have on the whole honoured their pledge to keep international investment open in the wake of the crisis.
OECD Secretary-General Angel Gurría welcomed the recent signing into law by Russian President Dimitri Medvedev of legislation that criminalises foreign bribery, with monetary sanctions for companies and individuals who bribe foreign public officials.
The OECD and the International Law Students Association (ILSA) joined together to develop the compromis for the 2011 Philip C. Jessup International Law Moot Court Competition. TheOECD Anti-Bribery Convention and the OECD Guidelines for Multinational Enterprises formed part of the dispute.
We recently received assurances from the highest levels of the UK government that they would issue guidance which would allow the UK’s Bribery Act 2010 to enter into force,” said OECD Secretary-General Angel Gurría.
The OECD’s Working Group on Bribery has today received assurances from the highest levels of the UK government that the guidance necessary to implement the nation’s Bribery Act 2010 will be published shortly.
The Chair of the OECD's Working Group on Bribery has expressed concern that the entry into force of the new Bribery Act is to be delayed.
Iceland must do more to ensure its law enforcement authorities are coordinated and adequately resourced to investigate and prosecute economic and financial crime, including foreign bribery, says the OECD in a new report.
Companies worldwide will be given greater guidance and support on how to conduct their business responsibly and report on their sustainability performance thanks to a partnership between the Global Reporting Initiative and OECD.
Finland needs to take urgent steps to raise awareness among Finnish companies that they are criminally liable under Finnish law if they, or their local agents or subsidiaries on their behalf, bribe public officials when doing business abroad.