What is the purpose of OECD Anti-Bribery Convention?
The OECD Anti-Bribery Convention establishes legally binding standards to criminalise bribery of foreign public officials in international business transactions and provides for a host of related measures that make this effective.
Who does the OECD Anti-Bribery Convention apply to?
Members. The convention is open to accession by any country which is a member of the OECD or has become a full participant in the OECD Working Group on Bribery in International Business Transactions.
How many nations signed onto the OECD Anti-Bribery Convention?
The OECD Working Group on Bribery – which brings together the 44 countries Party to the Anti-Bribery Convention – is responsible for monitoring the implementation and enforcement of the Anti-Bribery Convention and Recommendation.
What are the two categories of bribery?
When a person offers, promises or gives a bribe, it is called ‘active bribery’ and when a person requests, receives, or accepts a bribe, it is called ‘passive bribery’.
What are OECD guidelines?
The OECD Guidelines for Multinational Enterprises (OECD Guidelines) are recommendations from governments to multinational enterprises on responsible business conduct. The OECD Guidelines set standards for responsible business conduct across a range of issues such as human rights, labour rights, and the environment.
What is the meaning of OECD?
The Organization for Economic Cooperation and Development
The Organization for Economic Cooperation and Development (OECD) Share. The Organization for Economic Co-operation and Development (OECD) is a unique forum where the governments of 37 democracies with market-based economies collaborate to develop policy standards to promote sustainable economic growth.
What is OECD PDF?
The Organisation for Economic Co-operation and Development is a unique forum where the governments of 30 market democracies work together to address the economic, social and governance challenges of globalisation as well as to exploit its opportunities (www.oecd.org/about).