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Stakeholder engagement due diligence in extractive industries

When companies involve stakeholders, such as local communities, in their decision making, it enables them to identify, and account for the impacts of their activities, and contribute to positive social and economic development. To address the challenges raised when engaging with stakeholders, the OECD is preparing a user guide on how to undertake due diligence in engaging with stakeholders for mining, oil and gas enterprises.




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We must take better care of the elderly, say OECD and the European Commission

The number of people over 80 will double by 2050 rising from 3.9% of the population to 9.1% in 2050 across OECD countries and from 4.7% to 11.3% across 27 EU members. Estimates are that up to half of them will need help to cope with their daily needs. Yet even today governments are struggling to deliver high-quality care to elderly people with reduced physical and mental abilities, says a new OECD/EC report, A good life in old age? .




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Rising air pollution-related deaths taking heavy toll on society, OECD says

Air pollution is costing advanced economies plus China and India an estimated USD 3.5 trillion a year in premature deaths and ill health and the costs will rise without government action to limit vehicle emissions, a new OECD report says.




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Australia is in a strong position, but must adapt to take full advantage of rising Asia, OECD says

The Australian economy is robust and faces a solid short-term outlook, but it must continue adapting to ensure that its privileged place in the Asia-Pacific region contributes to long-term sustainable growth, according to the OECD’s latest Economic Survey of Australia.




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Australia takes major steps to combat foreign bribery, but OECD wants to see more enforcement

Australia has stepped up its enforcement of foreign bribery since 2012, when the OECD Working Group on Bribery last evaluated Australia’s implementation of the OECD Anti-Bribery Convention, with seven convictions in two cases and 19 ongoing investigations.




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Japan should do more to help young people take part in the labour market

Japan should step up efforts to improve young people’s job prospects and reduce the share of 15-29 year-olds who are not in employment, education or training (the “NEETs”), according to a new OECD report.




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Sony Kapoor: The OECD must take charge of promoting long-term investment in developing country infrastructure

This blog post by Sony Kapoor, Managing Director, Re-Define International Think Tank, gives his view on why the OECD – which uniquely houses financial, development, infrastructure and environmental expertise under one roof – must take charge of promoting long-term investment in developing country infrastructure.




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Australia is in a strong position, but must adapt to take full advantage of rising Asia, OECD says

The Australian economy is robust and faces a solid short-term outlook, but it must continue adapting to ensure that its privileged place in the Asia-Pacific region contributes to long-term sustainable growth, according to the OECD’s latest Economic Survey of Australia.




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Taking action on climate change will boost economic growth

Integrating measures to tackle climate change into regular economic policy will have a positive impact on economic growth over the medium and long term, according to a new OECD report prepared in the context of the German Presidency of the G20.




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The quantification of structural reforms: Taking stock of the results for OECD and non-OECD countries

This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes.




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Labour share developments over the past two decades: The role of technological progress, globalisation and "winner-takes-most" dynamics

Over the past two decades, real median wage growth in many OECD countries has decoupled from labour productivity growth, partly reflecting declines in labour income shares.




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Take the Government at a Glance Quiz

Taking a ruler to our rulers: Government at a Glance Quiz




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6th Expert Meeting on Measuring Regulatory Performance: Evaluating Stakeholder Engagement in Regulatory Policy

Workshop held in The Hague on 17-18 June 2014 to evaluate stakeholder engagement in regulatory policy




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Reforming the tax on immovable property: taking care of the unloved

The tax on immovable property recently started to regain its former significance, but the tax yield still remains low, with slightly more than 1% of GDP and wide variation across countries.




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Take the money and run: the uses and abuses of political funding

Blog article asks if our democratic processes are more responsive to the rich than they are to the poor and the middle class?




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Public consultation on the draft OECD Best Practice Principles on Stakeholder Engagement in Regulatory Policy

Comments on the draft OECD Best Practice Principles on Stakeholder Engagement in Regulatory Policy are to be sent to regstakeholders@oecd.org by 15 March 2017.




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Public consultation on the OECD Due Diligence Guidance for Meaningful Stakeholder Engagement in the Extractives Sector

This public consultation is being held to gather comments on the draft OECD Due Diligence Guidance for Meaningful Stakeholder Engagement in the Extractives Sector which provides practical guidance to mining, oil and gas enterprises in addressing the challenges related to stakeholder engagement. The deadline for comment is 5 June 2015.




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Climate change disclosure in G20 countries: Stocktaking of corporate reporting schemes

This report on climate change disclosure in G20 countries takes stock of mandatory climate change reporting schemes in G20 countries and identifies commonalities and divergences between the various schemes.




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Corporate Governance and Business Integrity: A Stocktaking of Corporate Practices

This report takes stock of corporate practices tying business integrity considerations into corporate governance frameworks, strategy and operations. It also assesses what factors influence business decisions to implement business integrity measures in practice. This report is a timely response to a succession of disturbing corporate scandals to which no industry or country appears to be immune.




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Liability of Legal Persons for Foreign Bribery: A Stocktaking Report

This stocktaking report first presents a chronology of how systems for the liability of legal persons have evolved among the 41 Parties to the Anti-Bribery Convention. It then presents a “mapping” of the features of these systems for the 41 Parties.




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Disclosure and Transparency in the State-Owned Enterprise Sector in Asia: Stocktaking of National Practices

This report provides an overview of national approaches to disclosure and transparency in the state-owned enterprise (SOE) sector in nine Asian economies: Bhutan, India, Kazakhstan, Korea, Malaysia, Pakistan, Philippines, Thailand and Viet Nam.




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Stakeholder engagement due diligence in extractive industries

When companies involve stakeholders, such as local communities, in their decision making, it enables them to identify, and account for the impacts of their activities, and contribute to positive social and economic development. To address the challenges raised when engaging with stakeholders, the OECD is preparing a user guide on how to undertake due diligence in engaging with stakeholders for mining, oil and gas enterprises.




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Professionalising Boards of Directors of State-Owned Enterprises: Stocktaking of National Practices

This report provides an overview of national practices to professionalise boards of directors by examining relevant legislation, policies and practices applicable to state-owned enterprises in a sample of OECD countries and developing and emerging economies.




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A nudge or a shove? What will it take to push responsible business conduct?

On the occasion of the release of the OECD Due Diligence Guidance on Responsible Business Conduct, the OECD’s Tyler Gillard looks at how governments can encourage international standards of responsible business conduct in business activities and supply chains.




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Multi-stakeholder sports integrity taskforces established

The International Partnership against Corruption in Sport (IPACS), a recently established multi-stakeholder platform, agreed to set up three taskforces to help tackle corruption in sport at its meeting at the OECD in Paris on 14 to 15 December 2017.




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UKFast founders exit as private equity firm takes control

Inflexion has become majority shareholder following sexual assault allegations against former CEO




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Colombians take to the streets in countrywide protests

Marches come as discontent grows over labour reform, pensions and corruption




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Saudi Arabia takes £350m shot at Newcastle United

Fans cheer prospect of Ashley exit but obstacles remain to getting deal across line




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Saudi Arabia’s PIF takes 8.2% stake in cruise operator Carnival 

Rare sign of investor confidence in industry battered by coronavirus pandemic




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Schroders demands executives take pay cuts and ‘share the pain’

City investor will back ailing groups looking to raise capital but warns of difficult decisions




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Sleaze and racism in Netflix’s Hollywood take shine off ‘golden age’

New period drama about an aspiring actor pulls back the curtain on postwar Tinseltown




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Activist fund set to double stake in banknote maker De La Rue

Crystal Amber’s move shows sign of confidence in struggling UK group




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Andrew Tinkler dumps Stobart stake

Former CEO and fifth-largest shareholder severs ties with group that sacked him




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Take long lunches, go home at four: tips for the modern boss

Simon Kuper on how a new generation of CEOs has a different approach to life at the top




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Is my employer taking me for granted?

Your question for our expert — and readers’ advice




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A new garden at Kew takes a step back in time

The Evolution Garden takes visitors on a chronological walk through plant life, with some surprising associations




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BC Camplight: Shortly After Takeoff

Brian Christinzio’s vocals have the singsong flow of Brian Wilson




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Tennis takes a swing at making players’ earnings fairer

The new chair of the association that runs men’s tennis wants to share out wealth more evenly




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When AI takes on Eurovision: can a computer write a hit song?

Bizarre lyrics, atonal melodies and a ‘koala synth’; Nic Fildes enters the world of algorithm-inspired Europop




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Give and take: Jan Dalley on paying for culture

Even at a time of economic hardship, crowd-funding schemes could be a money-spinner for the arts because of the way they play on human psychology, says the FT’s arts editor  


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Take it easy: Peter Aspden on The Eagles’ mellow magic

As a new documentary profiles the soft rock megastars, the FT’s arts writer reflects on their dramatic fall from grace – and their enduring appeal  


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You’ve made a financial mistake - now what

2019 has been a bumper year for bad investments - the unravelling of Neil Woodford's investment empire has left many nursing heavy losses, others have lost money in mini bonds or have money trapped in property funds. Presenter Claer Barrett talks to experts about what people should do if their investments haven't worked. Plus, as we enter the season of goodwill we tell listeners how to talk to their family about money.  

 

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Individual Savings Accounts - could these tax free wrappers take over from pensions as our preferred savings vehicle?

Could Isas overtake pensions as the UK's tax-saving vehicle of choice? The tax benefits of pensions have been steadily eroded over the past decade but at the same time, Isas have been coming into their own. Most people approaching retirement today will rely on a combination of pensions and Isa income. In this week's show, FT Money Show presenter Claer Barrett takes a break from covering the coronavirus and what it means for your money, and interviews the FT's Money Mentor columnist about why investors like Isas so much and how these investments compare to pensions. 

 

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Africa could take ‘a generation’ to recover from coronavirus, says Kagame 

Rwanda’s president says continent needs at least $100bn in foreign support to weather shock




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How to take down walls and build a strategic network

Why women must conquer their fear of networking and do it anyway




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Taking pay cut ‘could trigger a tax bill’

Tax experts warn of unintended consequences of reducing or giving away pay and bonuses




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Copper miner SolGold bolsters defences against takeover

London-listed explorer hires Citi for fundraising and advice as rivals eye acquisitions




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Middlesex take county cricket title in blazing fashion

With an hour of season to go, three of the nine teams were all in with a chance of winning




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Travelodge asks landlords to take £146m rent hit

Company says it will be ‘several years’ before revenues return to 2019 levels




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Revolut’s founder should take some M&A lessons from Warren Buffett

Company must not bet the bank on expansion; estate agents have nowhere to go