OECD Guidelines for Multinational Enterprises are annex to the OECD Declaration on International Investment and Multinational Enterprises. They are recommendations providing principles and standards for responsible business conduct for multinational corporations operating in or from countries adhered to the Declaration. The Guidelines are legally non-binding. Originally the Declaration and the Guidelines were adopted by the OECD in 1976 and revised in 1979, 1982, 1984, 1991, 2000 and 2011.[1]
Contents
Basic elements[edit]
The Guidelines cover business ethics on:
- employment
- human rights
- environment
- information disclosure
- combating bribery
- consumer interests
- science and technology
- competition
- taxation
Institutions[edit]
National Contact Points[edit]
According to the OECD Council decision each adhering country has to set up a National Contact Point (NCP). The National Contact Point is an entity responsible for the promotion of the Guidelines on a national level. An NCP handles all enquiries and matters related to the Guidelines in that specific country, including investigating complaints about a company operating in, or headquartered in that country. Some NCPs are based in a relevant government department; some are independent structures comprising government officials, trade unions, employers unions and sometimes NGOs.
OECD Investment Committee[edit]
OECD Investment Committee is the OECD body responsible for overseeing the functioning of the Guidelines and implementation of all OECD investment instruments. The Committee consists member states' senior officials from treasuries, economics, trade and industry, and foreign affairs ministries and central banks. All OECD member states are members of the Investment Committee. Argentina and Brazil are observers while Estonia, Israel, Latvia, Lithuania, Romania and Slovenia participate in the work of the Committee on issues related to the Guidelines.
Advisory committees[edit]
BIAC[edit]
TUAC[edit]
Adhered countries[edit]
Argentina
Australia
Austria
Belgium
Brazil
Canada
Chile
Colombia
Czech Republic
Denmark
Egypt
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Israel
Italy
Japan
Jordan
South Korea
Latvia
Lithuania
Luxembourg
Mexico
Morocco
Netherlands
New Zealand
Norway
Peru
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turkey
Tunisia
United Kingdom
United States
See also[edit]
References[edit]
External links[edit]
- Text of the OECD Guidelines for Multinational Enterprises
- Contact information of the NCPs
- OECD Watch
- TUAC OECD Guidelines Website
- The OECD Declaration on International Investment and Multinational Enterprises profile on database of market governance mechanisms
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