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Making Responsible Business Conduct Everyone’s Business

Without propriety, integrity, transparency and the engagement of all stakeholders, markets cannot function well. Governments must protect fundamental rights and ensure good governance, fair regulations and transparency, while businesses must acknowledge that operating globally also implies a responsibility for their impact locally.




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Making stock markets work to support economic growth

This study provides critical observations on the state of key global equity markets as recent developments have put into question their efficiency and effectiveness in facilitating capital formation. It covers the top 26 initial public offering (IPO) producing nations, with a particular focus on stock markets in the United States.




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Equity markets, corporate governance and value creation

This article provides both an analytical framework for the role of public policy in corporate governance and a description of the empirical context that influences the conditions for that policy.




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Better Policies for Board Nomination and Election in Asia

This report describes the current policy framework in Asia and summarises the challenges to establishing a formal and transparent board nomination and election process. It proposes policy options to improve the transparency of the board nomination and election process in order to reinforce more effective boards.




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Supervision and Enforcement in Corporate Governance

This report analyses the supervision and enforcement of rules and practices relating to related party transactions, takeover bids and shareholder meetings in 27 jurisdictions and includes in-depth reviews of practices in Brazil, Turkey, and the United States.




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Forum on implementing due diligence for responsible mineral supply chains

Participants in this multi-stakeholder meeting reviewed and discussed the implementation of the OECD Due Diligence Guidance and in the 3Ts supply chain to ensure that companies avoid contributing to conflict through their mineral or metal purchasing decisions and practices.




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Trade and Investment Week kicks off with responsible business practice conference

18 November 2013 - Asia-Pacific Trade and Investment Week 2013 opened in Bangkok today with a regional conference on responsible business practices jointly organised by the United Nations Economic and Social Commission of Asia and the Pacific (ESCAP) and the Organisation for Economic Co-operation and Development (OECD).




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Conference on advancing responsible business practices in the Asia-Pacific region

Jointly organised by the OECD and ESCAP, this conference focused on the role of governments in supporting and facilitating more sustainable and inclusive business practices in the Asia-Pacific region.




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Third meeting of the Taskforce of MENA Stock Exchanges for Corporate Governance

Muscat, Oman - 2 December 2013 - This meeting was organised in the format of a high level regional roundtable, where heads and other representatives of regional exchanges were invited to participate, alongside regulators and relevant international and regional institutions.




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Colombian SOEs: A Review Against the OECD Guidelines on Corporate Governance of State-owned Enterprises

This report evaluates the corporate governance practices of Colombian SOEs against the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The assessment was prepared based on information provided by the Colombian authorities, an analysis of the available literature and interviews with authorities, consultants, academics, and company as well as stakeholder representatives.




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2013 Annual Report on the OECD Guidelines for Multinational Enterprises

The 2013 Annual Report describes the activities undertaken to promote the observance of the Guidelines during the implementation cycle of June 2012-June 2013. This includes the launch of the Global Forum on Responsible Business Conduct (RBC), the establishment of a Working Party on RBC, and the elaboration of a robust multi-stakeholder proactive agenda to promote the observance of the principles and standards found in the Guidelines.




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2014 OECD-Asian Corporate Governance Roundtable

Mumbai, India - The 2014 Roundtable focused on improving public supervision and enforcement in Asia, the governance and performance of listed SOEs, risks and opportunities for family-owned business groups and the revision of the OECD Principles of Corporate Governance.




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Conference on promoting responsible investment in Myanmar

This conference focused on recent reforms undertaken by the government to improve the investment climate in Myanmar, and the ways that the international community can help ensure that renewed investor interest contributes to sustainable and inclusive development. It featured a discussion of the detailed finding of the recently released OECD Investment Policy Review of Myanmar.




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Proposed EU responsible trading strategy for minerals from conflict zones

The European Commission has proposed an integrated EU approach to stop profits from trading minerals being used to fund armed conflicts. The package of measures aims to make it more difficult for armed groups in conflict-affected and high-risk areas to finance their activities through the mining of and trade in minerals.




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Risk Management and Corporate Governance

This report analyses the corporate governance framework and practices relating to corporate risk management, in the private sector and in state-owned enterprises. The review covers 26 jurisdictions and is based on a general survey of all participating jurisdictions, as well as an in-depth review of corporate risk management in Norway, Singapore and Switzerland.




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Workshop on responsible and conflict-free sourcing in the Turkish gold supply chain

This workshop focused on how to comply with international regulations on conflict-free gold supply chains and how to make the most of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.




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7th Forum on responsible mineral supply chains

This meeting provided the opportunity to review and discuss implementation of the OECD Due Diligence Guidance and the ICGLR Regional Certification Mechanism. Issues pertinent to the tin, tantalum and tungsten (3Ts) and gold supply chains were addressed during the three-day forum.




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Communiqué by participants at the 7th ICGLR-OECD-UN Group of Experts Forum on Responsible Mineral Supply Chains

Participants at the forum adopted a communiqué calling for companies to confront challenges they encounter openly and transparently by publicly reporting on due diligence in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas




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OECD Guidelines for Multinational Enterprises - Responsible Business Conduct Matters

Available in several languages, this booklet provides basic information about the OECD Guidelines for Multinational Enterprises, the most comprehensive set of government-backed recommendations on responsible business conduct in existence today. Adhering governments aim to encourage the positive contributions MNEs can make to sustainable development and to minimise the difficulties to which their various operations may give rise.




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Líneas directrices de la OCDE para empresas multinacionales - La importancia de una conducta responsable por parte de las empresas

Este folleto contiene información esencial sobre las Líneas Directrices de la OCDE para empresas multinacionales, que en la actualidad constituyen las recomendaciones más exhaustivas aprobadas por los gobiernos sobre la conducta responsable de las empresas.




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Moving beyond rhetoric: Responsibility in practice

This Global Forum plays an important role as the tool for on-going dialogue on responsible business conduct. I am pleased to announce that today, Ministers from over 20 countries are coming together to discuss how to integrate responsibility considerations throughout government policies. Their work will contribute to protect internationally recognised fundamental rights and to ensure good governance, fair regulations, and transparency.




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Statement by the National Contact Points for the OECD Guidelines for Multinational Enterprises - One Year After Rana Plaza

This statement was adopted by National Contact Points on 25 June 2014 during their 15th Meeting.




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Ministerial Communiqué on Responsible Business Conduct

Communiqué by Ministers participating in the informal ministerial meeting on responsible business conduct that took place at the OECD on 26 June 2014.




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Fact finding survey on investment treaty law, sustainable development responsible business conduct

This survey was presented at the Informal ministerial meeting on responsible business conduct held in Paris on 26 June 2014.




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Investment Treaty Law, Sustainable Development and Responsible Business Conduct: A Fact Finding Survey, International Investment Working Paper 2014/1

Investment treaties are often thought to be silent on investors’ responsibilities to host societies and on their contributions to sustainable development. This paper establishes a factual and statistical basis for understanding the relationship between investment treaty law and governments’ ability to advance the sustainable development agenda and promote responsible business conduct.




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Investment Treaties and Shareholder Claims for Reflective Loss: Insights from Advanced Systems of Corporate Law, International Investment Working Paper 2014/2

This paper examines shareholder claims for reflective loss under investment treaties in light of comparative analysis of advanced systems of corporate law; considers the impact of allowing shareholder claims for reflective loss on key characteristics of the business corporation; and explores possible responses by different categories of investors to the availability of shareholder claims for reflective loss under investment treaties.




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Improving Corporate Governance in India - Related Party Transactions and Minority Shareholder Protection

This book presents the findings of an OECD policy dialogue with Indian stakeholders on policies to improve the monitoring and prevention of abusive related party transactions in India.




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Public consultation on the revision of the OECD Guidelines on Corporate Governance of State-Owned Enterprises

The OECD made the draft text of the revised OECD Guidelines on Corporate Governance of State-Owned Enterprises available for public comment between May and September 2014. The public consultation is now closed.




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Public Enforcement and Corporate Governance in Asia: Guidance and Good Practices

This book presents a study of the corporate governance legal framework and enforcement by capital market regulators in participating Asian jurisdictions.




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ILO-OECD roundtable on responsible sourcing in the textile and garment sector

This roundtable provided a forum for dialogue on building responsible supply chains in the textile and garment sector that contribute to inclusive growth and sustainable development, in line with the OECD and ILO recommendations. The Roundtable also identified challenges and areas for future collaborative action.




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Corporate Governance Enforcement in the Middle East and North Africa: Evidence and Priorities

This paper examines key developments in public and private corporate governance enforcement in the Middle East and North Africa region, highlighting the growing level of public enforcement as expertise within the securities regulators grows and providing policy recommendations on specific aspects of governance frameworks.




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China and OECD to co-operate on promoting the responsible sourcing of minerals

Beijing, 24 October 2014 - China presented guidelines intended to provide a roadmap for the responsible business conduct of Chinese companies operating overseas. In addition, China and the OECD signed a Memorandum of Understanding to promote the implementation by Chinese companies of responsible business conduct in global mineral supply chains.




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8th Forum on responsible mineral supply chains

This meeting provided the opportunity to review and discuss implementation of the OECD Due Diligence Guidance, the ICGLR Regional Certification Mechanism, and other initiatives to enable responsible mineral supply chains. Issues pertinent to the tin, tantalum and tungsten (3Ts) and gold supply chains were also addressed during the Forum.




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Public consultation on the 2014 Review of the OECD Principles of Corporate Governance

The Principles are being reviewed to ensure their continuing high quality, relevance and usefulness, taking into account recent developments in the corporate sector and capital markets. The OECD invited public comment on the draft revised text. Deadline for comment: Now closed.




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Survey on the contribution of SMEs to due diligence for responsible mineral supply chains

The German Federal Institute for Geosciences and Natural Resources (BGR), supported by the OECD, has initiated a study to assess the contribution of small and medium-scale enterprises (SMEs) to due diligence for responsible mineral supply chains. To gather information for this study, SMEs were invited to take part on a confidential survey of due diligence activities by SMEs.




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Corporate Bonds, Bondholders and Corporate Governance

This report provides a comprehensive global overview of corporate bond markets since 2000 and experiences of governance engagement by bondholders. The report also analyses trends in secondary bond markets. It ends with a discussion about the scope for institutional changes that may build a larger community of truly informed and motivated bond investors.




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Corporate governance, value creation and growth

This programme focuses on the pivotal role that corporate governance plays for ensuring that the financial sector can serve the needs of non-financial companies in terms of access to capital for innovation, value creation and growth.




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The Dark Horse, The Paper Tiger and Chicken Little: Lessons from the OECD Foreign Bribery Report

One of the more startling findings in the OECD Foreign Bribery Report, is that some level of corporate management was involved in over 50% of the cases sanctioned. This paper by Leah Ambler, published in the Journal of Business Compliance (01/2015), examines what went wrong and why from a corporate governance and compliance perspective.




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Public consultation on the FAO-OECD guidance for responsible agricultural supply chains

This public consultation was held to gather comments on the draft FAO-OECD guidance for responsible agricultural supply chains which is designed to help enterprises observe standards of responsible business conduct along their agricultural supply chains. The deadline for comment was 20 February 2015.




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Responsible gold also means supporting livelihoods of artisanal miners

Today the discourse on “conflict minerals” has changed. It’s not just about conflict-free, it's about promoting responsible sourcing of minerals from conflict areas, despite the challenges. This blog discusses the urgent need to create responsible supply chains of artisanal gold, and support the livelihoods of miners in the informal gold industry, and how OECD guidance can help companies do this.




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G20/OECD Corporate Governance Forum

10 April 2015 - Istanbul, Turkey. Participants debated the content and the direction of the ongoing review of the OECD Principles of Corporate Governance. It also addressed issues of systemic importance to sustainable private sector growth, including the institutionalisation of growth companies and SMEs and capital market development in emerging market economies.




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Legislation on responsible business conduct must reinforce the wheel, not reinvent it

This article by Roel Nieuwenkamp talks about the trend of hardening of soft law in the domain of responsible business conduct. It argues that legislative proposals related to existing international instruments should not seek to reinvent the wheel, but to reinforce it. Existing instruments that are widely recognised and proven to be effective and reasonable should represent a foundation for their legally-binding counterparts.




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Asia-Pacific conference on aligning corporate sustainability with sustainable development goals

With a focus on the Asia-Pacific region, this conference addressed what the Sustainable Development Goals will mean for business and how business sustainability strategies can be aligned to support their implementation.




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OECD Ministers reinforce importance of investment for strong, green and inclusive growth

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.




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OECD Review of the Corporate Governance of State-Owned Enterprises in Colombia

This report evaluates the corporate governance framework for the Colombian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of the Republic of Colombia. It is based on a review involving all OECD countries.




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How is corporate governance in Japan changing? Developments in listed companies and roles of institutional investors

OECD Corporate Governance Working Paper No.17. This report examines the influence of institutional shareholders and their activities towards good corporate governance, the historical changes to practices within shareholder meetings and the role that institutional shareholders have played in the improvement of corporate governance within Japanese listed companies.




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New G20/OECD Principles of Corporate Governance will promote trust and improve functioning of financial markets

The G20/OECD Principles of Corporate Governance provide recommendations for national policymakers on shareholder rights, executive remuneration, financial disclosure, the behaviour of institutional investors and how stock markets should function.




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Promoting inclusive business through responsible business. Part 1 – Outsource production not responsibility

The private sector plays an important role in economic development. However to be beneficial to local populations, business must act responsibly. Part 1 of this blog discusses how business can do this, as laid out in the OECD Guidelines for Multinational Enterprises, and make a positive contribution to economic, environmental and social progress with a view to achieving sustainable development.




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Promoting inclusive business through responsible business. Part 2 – Shared value and community-based development

The private sector plays an important role in economic development. However to be beneficial to local populations, business must act responsibly. Part 2 of this blog focuses on how community engagement can help business achieve this, in harmony with the OECD Guidelines for Multinational Enterprises, and reinforce the link between responsible business and inclusive growth.




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Workshop in Ukraine on responsible business conduct

The purpose of this workshop was to share information with the Ukrainian authorities about the obligations of governments under the OECD Declaration on International Investment and Multinational Enterprises related to the OECD Guidelines for Multinational Enterprises, one of four instruments of the Declaration.