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OECD Trust in Business Initiative

 

Restoring trust in the business ecosystem

The global environment has shifted: heightened interconnectivity, rising inequalities, slowing productivity, environmental degradation, corruption, disruptive technological innovations, and re-shaping regional-global dynamics are transforming the role of business in society. This complex environment affects communities’ expectations vis-à-vis business, with success being increasingly measured by long-term value creation. 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. Government reforms and investors targeting long-term returns are driving businesses to reflect on whether they are meeting social expectations on business conduct and outcomes, and to reconsider current governance and decision-making models. Yet the private sector has been slow to react to changing expectations and decreasing levels of trust and enact the critical role they can play in developing robust corporate governance.

 

The OECD Trust in Business initiative examines how corporate governance models and market incentives for business decision-making respond to the expectations of society in meeting current and future challenges. It brings together corporations, governments and civil society members committed to strengthening trust in business. The initiative is organised around four main pillars:

  • Capacity building solutions

  • Setting standards and guidelines

  • Partnerships

  • A forum for co-operation and collaboration

 

Save the date

1-2 October 2019, Paris, France

The inaugural OECD Trust in Business Forum will take place at the OECD Conference Centre 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) or Xavier Leflaive (Xavier.LEFLAIVE@oecd.org)

 

 

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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

 

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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