Corporate governance
OECD Trust in Business Initiative
Strengthening trust in the business ecosystemThe global environment has shifted: heightened interconnectivity, rising inequalities, slowing productivity, environmental degradation, corruption, disruptive technological innovations, and reshaping regional-global dynamics are transforming the role of business in society. This complex environment affects expectations vis-à-vis business. Increasingly in today’s operating environment, success is measured by long-term value creation, anti-corruption, responsible business conduct in value chains and maintaining the social licence to operate have never been higher on the business agenda.
Yet, 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. The OECD Trust in Business initiative is a platform for leaders to catalyse good corporate conduct, examine market incentives for business decision-making and respond to the expectations of society in meeting current and future challenges.
The initiative promotes coordinated action to strengthen trust in the business ecosystem through:
Directed by the Trust in Business Network (TriBuNe), the Trust in Business initiative is a global multi-stakeholder community committed to strengthening trust in business, by levelling the playing field and ensuring long-term value creation.
Interested organisations and institutions are invited to join the initiative.
Events
 OECD Trust in Business Forum, 1-2 October 2019 Business Integrity Trends, Standards, and the Future of Compliance in a Post COVID-19 World, 24 March 2021 |
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Supporting the Blue Dot Network
The Blue Dot Network aims to operationalise existing international standards to promote a shared vision of quality infrastructure investment that is open and inclusive, transparent, economically efficient, financially viable, resilient, and environmentally and socially sustainable. The OECD’s Trust in Business initiative, in cooperation with the governments of the United States, Australia and Japan, has been engaged to convene a multi-stakeholder network to inform the development of a global certification framework. As countries look to promote a sustainable economic recovery in wake of the COVID-19 pandemic, the Blue Dot Network will assist governments in making trusted and well-informed infrastructure development decisions that take into account the long-term costs and benefits of proposed projects.
Compliance without Borders
Compliance without Borders is a capacity-building project to strengthen trust and integrity in state-owned enterprises (SOEs). This OECD-Basel Institute on Governance project facilitates the secondment of compliance officers to SOEs to strengthen risk management systems and address corruption-related risks.
Trust in Business Network (TriBuNe)
The Trust in Business Network (TriBuNe) brings together governments, the private sector, and civil society under internationally recognised OECD guidelines committed to promoting trust and levelling the playing field through capacity building solutions, informed dialogues and ensuring standards implementation. Interested organisations and institutions are invited to join the initiative.
Contact us
To find out more about how to participate in this initiative, please contact Isabel Cane (Isabel.CANE@oecd.org)
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Perspectives on trust in businessYouth Perspective: What Does Trust in Business Mean in a Post-COVID-19 World?How do the youth of today define trust in business and what significance does it bear on our lives and our futures? Victoria Bejarano, Mafhungo Nevhutalu and Sandra Omanhene are three young women who were born and raised on three different continents who have sought to find answers to this seemingly complex but important question.
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OECD instruments and resources
Related Documents