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文件名称:OECD RISK MANAGMENT TOOL FOR INVESTORS IN WEAK GOVERNANCE ZONES.pdf
所属大类:国外动态
行业分类:T:国际组织
生效日期:2005-11-23 00:00:00
文件星级: ★★★★
文件字数:9,147
文件页数:21
文件图表:0
资料语言:英文
文件大小:282KB
文件简介:Risk Management Tool for Investors in Weak Governance Zones [Background] A weak governance zone is an investment environment where the government is not working-public officials are unable or unwilling to assume their roles in protecting rights, providing basic public services and ensuring that public sector management is efficient and effective. These“government failures” lead to broader failures in political, economic and civic institutions that, in turn, create the conditions for endemic violence, crime and corruption and that block economic and social development. Corporate responsibility goes hand-in-hand with government responsibility. This is a recurrent theme of the OECD Investment Committee’s work on the OECD Guidelines for Multinational Enterprises (“the Guidelines”) ?C a government-backed, voluntary code of conduct for international business. As companies themselves often note, weak governance zones pose many ethics issues and represent some of the most difficult investment environments in the world. Through the development of a risk management tool, the Investment Committee seeks to assist companies in responsibly managing their investments in weak governance zones. This work is also part of its implementation of the OECD Guidelines for Multinational Enterprises and furthers the Committee’s broader mission of promoting prosperity and stability by harnessing the benefits of investment. The tool is non-prescriptive and consistent with the objectives and principles of the Guidelines. Drawing on the OECD Guidelines for MultinationalEnterprises and the recognised strengths of the OECD in the integrity area, the draft risk management tool focuses on those issues about which the OECD integrity instruments shed light.In addition to the Guidelines, these instruments include the Convention and Recommendations on Combating Bribery of Foreign Public Officials and the Guidelines for Managing Conflict of Interest in the Public Sector. The draft tool also incorporates earlier Investment Committee discussions of investments in Myanmar and the Democratic Republic of Congo as well as inputs received during earlier consultations on this issue. The importance of this work has been recognised by the UN Security Council and by G8 Heads of State and it will serve as a basis for ongoing OECD outreach on investment issues in Africa, Asia and Latin America. [TABLE OF CONTENTS] OECD RISK MANAGEMENT TOOL FOR INVESTORS IN WEAK GOVERNANCE ZONES: DRAFT TEXT FOR PUBLIC CONSULTATION I. Introduction II. Obeying the law and observing international standards III. Heightened managerial care IV. Political activities V. Knowing clients and business partners VI. Speaking out about wrongdoing VII. Business roles in weak governance societies a broadened view of self interest Annex Glossary of Selected Terms
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