Is there a role for trade liberalisation and facilitation in zeroing in on corruption and supporting integrity in trade? Yes – and a greater one than you might think.
Trade and investment in natural mineral resources hold great potential for generating income, growth and prosperity, sustaining livelihoods and fostering local development. However, a large share of these resources is located in conflict affected and high-risk areas. In these areas, exploitation of natural mineral resources is significant and may contribute, directly or indirectly, to armed conflict, gross human rights violations and hinder economic and social development. The OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas provides step-by-step management recommendations endorsed by governments for global responsible supply chains of all minerals, in order for companies to respect human rights and avoid contributing to conflict through their mineral or metal purchasing decisions and practices. The Due Diligence Guidance for minerals may be used by any company potentially sourcing any minerals or metals from conflict-affected and high-risk areas, and is intended to cultivate transparent, conflict-free supply chains and sustainable corporate engagement in the minerals sector.
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The state continues to exercise considerable influence on the Greek economy. According to the OECD’s Product Market Regulation indicator, Greece has one of the highest degrees of state control in the productive sectors across OECD countries.
Whistleblower protection is essential for safeguarding the public interest, for promoting a culture of accountability and integrity in both public and private institutions, and for encouraging the reporting of misconduct, fraud and corruption wherever it occurs. While many countries are increasingly developing legal frameworks to protect whistleblowers, more can be done to mainstream integrity and promote open organisational cultures. This report analyses whistleblower protection frameworks in OECD countries, identifies areas for reform and proposes next steps to strengthen effective and comprehensive whistleblower protection laws in both the public and private sectors.
Paris, 8 March 2016: Organised on International Women's Day, the OECD hosted a conference to consider policy approaches to closing leadership gender gaps in the public and corporate sectors.
The OECD is developing a Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector. The OECD is hosting a month-long public consultation on the draft Guidance. The feedback received during the consultation will inform the final Guidance.
The G20/OECD Principles of Corporate Governance provide recommendations on shareholder rights, executive remuneration, financial disclosure, the behaviour of institutional investors and how stock markets should function. Sound corporate governance is seen as an essential element for promoting capital-market based financing and unlocking investment, which are keys to boosting long-term economic growth.
Good governance of state-owned enterprises is essential in order to ensure their contribution to economic efficiency and growth. The OECD facilitates policy dialogue and information exchange on improving corporate governance of state-owned enterprises and implementing privatisation policies.
The State continues to remain an important shareholder in listed companies worldwide, especially among emerging economies, which rely increasingly on mixed-ownership models. With the benefit of hindsight and more recent examples, this book provides fresh perspectives on the motivation to list state-owned enterprises (SOEs) and the process it entails. Drawing from the experiences of five economies (People's Republic of China, India, New Zealand, Poland and Turkey), the book concludes that broadened ownership generally has a positive impact on the governance and performance of these companies. However, country practices show that the act of listing cannot guarantee that these companies are completely averse to State interests; and deviations from sound corporate governance practices, as enshrined in the OECD Guidelines on Corporate Governance of SOEs, can in some cases, raise concerns with regards to non-State shareholder rights, commercial orientation, board independence, conflicting State objectives, transparency, disclosure and more.
This Network was created in 2011 to enhance the governance of State-Owned Enterprises (SOEs) in the region through an ongoing exchange of experience and knowledge on SOE governance policies.