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Annual Report on the OECD Guidelines for Multinational Enterprises 2011: A New Agenda for the Future
OECD Publishing, Jan 2012, Pages: 348
To many people, international investment by multinational enterprises is what globalisation is all about. Promoting responsible business practices by these companies is a real challenge however since their operations often straddle dozens of countries and hundreds of cultural, legal and regulatory environments.
The OECD Guidelines for Multinational Enterprises aim to help businesses, labour unions and NGOs meet this challenge by providing a global framework for responsible business conduct covering all areas of business ethics, including tax, competition, disclosure, anti-corruption, labour and human rights, or environment. While observance of the Guidelines by enterprises is voluntary and not legally enforceable, 42 adhering governments are committed to promoting them and to making them influential among companies operating in or from their territories.
This report enhances the transparency, accountability and public visibility of the Guidelines for MNEs, one of the OECD's most successful instruments, and more particularly the major improvements brought about by the 2011 Update, and highlights the outcome of the 2011 Corporate Responsibility Roundtable, a multi-stakholder brainstorming on the launch of the work of the updated Guidelines.
The report provides a first assessment of the outcome of the 2011 Update of the Guidelines adopted at the OECD Ministerial Meeting and a compilation of ideas for future implementation. It also reports the actions taken by the 42 adhering governments from June 2010 to June 2011.
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