OECD Declaration on Propriety, Integrity and Transparency in the Conduct of International Business and Finance (the PIT Declaration)

The financial crisis and its aftermath have revealed the extent to which the good functioning of markets and hence of the world economy depends on propriety, integrity and transparency in the conduct of business. Countries around the globe have a shared interest in strong, clean and fair markets and in ensuring they deliver sustainable growth and development.

The OECD has worked for many years on developing standards and tools for a stronger, cleaner and fairer economy. It contributed to the elaboration of the “Lecce Framework” adopted by the G8 finance Ministers in Lecce in June 2009. This ultimately resulted in the adoption by OECD countries as well as Brazil and Russia at the 2010 OECD Council Ministerial Meeting, under Italian chairmanship, of the The Declaration on Propriety, Integrity and Transparency in the Conduct of International Business and Finance (the PIT Declaration). Colombia, Morocco and Tunisia adhered to the PIT Declaration on the occasion of the 2012 OECD Ministerial Meeting, followed by Croatia in July 2012.

The PIT Declaration sets out the political commitments of OECD and other adhering countries in the areas of competition, corporate governance, investment and responsible business conduct, tax co-operation, anticorruption, interaction between government and business, quality of regulation and financial literacy and consumer protection.

The PIT Declaration is open to adherence by non-OECD countries.

Contact us

Requests for further information should be addressed to
Nejla Saula, Legal Adviser, General Secretariat
[Tel: +33 1 4524 8751 [email protected]]

Permanent URL for this page: www.oecd.org/PIT

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Boosting integrity and fighting corruption at the OECD This brochure describes the multiple domains where the OECD is engaged in fighting corruption and boosting integrity

 OECD INSTRUMENTS WITHIN THE FRAMEWORK OF THE PIT DECLARATION

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

2009 Recommendation on Tax Measures for Further Combating Bribery of Foreign Public Officials in International Business Transactions

OECD Recommendation on Competition Assessment

Best Practices for the Formal Exchange of Information Between Competition Authorities in Hard Core Investigations (pdf)

Fighting bid rigging in public procurement

Recommendation concerning Structural Separation in Regulated Industries

OECD Recommendation on Merger Review

G20/OECD Principles of Corporate Governance

Corporate governance and corporate finance

Recommendation on Good Practices for Financial Education and Awareness Relating to Credit (pdf)

G-20 High-level Principles on Financial Consumer Protection

2015 Recommendation on Gender Equality in Public Life

2015 Recommendation on Public Procurement

2003 Recommendation for Managing Conflict of Interest in the Public Service

OECD Principles for Managing Ethics in the Public Service

OECD Recommendation on Principles for Transparency and Integrity in Lobbying

OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

The Policy Framework for Investment (PFI)

OECD Risk Awareness Tool for Multinational Enterprises in Weak Governance Zones

Guiding Principles for Regulatory Quality and Performance

Policy Framework for Effective and Efficient Financial Regulation

Recommendation on the Use of the OECD Model Memorandum of Understanding on Automatic Exchange of Information for Tax Purposes

Transfer pricing