OECD Guidelines for Multinational Enterprises
Encyclopedia
OECD Guidelines for Multinational Enterprises are annex to the OECD Declaration on International Investment and Multinational Enterprises. They are recommendations providing voluntary 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 and 2000.

Basic elements

The Guidelines cover business ethics
Business ethics
Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.Business...

 on:
  • employment
    Employment
    Employment is a contract between two parties, one being the employer and the other being the employee. An employee may be defined as:- Employee :...

  • human rights
    Human rights
    Human rights are "commonly understood as inalienable fundamental rights to which a person is inherently entitled simply because she or he is a human being." Human rights are thus conceived as universal and egalitarian . These rights may exist as natural rights or as legal rights, in both national...

  • environment
    Natural environment
    The natural environment encompasses all living and non-living things occurring naturally on Earth or some region thereof. It is an environment that encompasses the interaction of all living species....

  • information disclosure
  • combating bribery
    Bribery
    Bribery, a form of corruption, is an act implying money or gift giving that alters the behavior of the recipient. Bribery constitutes a crime and is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or...

  • consumer
    Consumer
    Consumer is a broad label for any individuals or households that use goods generated within the economy. The concept of a consumer occurs in different contexts, so that the usage and significance of the term may vary.-Economics and marketing:...

     interests
  • science and technology
    Science and technology
    Science and technology is a term of art used to encompass the relationship between science and technology. It frequently appears within titles of academic disciplines and government offices.-See also:...

  • competition
    Competition
    Competition is a contest between individuals, groups, animals, etc. for territory, a niche, or a location of resources. It arises whenever two and only two strive for a goal which cannot be shared. Competition occurs naturally between living organisms which co-exist in the same environment. For...

  • taxation

National Contact Points

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

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.

External links

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