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"Additional initiatives" [2005] ELECD 229; in Tully, Stephen (ed), "International Documents on Corporate Responsibility" (Edward Elgar Publishing, 2005)

Book Title: International Documents on Corporate Responsibility

Editor(s): Tully, Stephen

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781843768197

Section: Chapter 6

Section Title: Additional initiatives

Number of pages: 2

Extract:

6. Additional initiatives

i. OECD: Guidelines for Multinational Enterprises, 2000


Commentary: The OECD (www.oecd.org) promotes policies for achieving the
highest sustainable economic growth and employment, rising living standards, finan-
cial stability and the expansion of multilateral trade (Art 1, OECD Convention, 1960;
entry into force 1961). Member States are largely industrialised countries.
The Guidelines for MNEs form part of the 1976 Declaration on International
Investment and MNEs, a political commitment to facilitate investment within the
OECD. The Declaration additionally included legally binding decisions with respect to
national treatment, conflicting requirements and international investment incentives
and disincentives (see OECD, `Declaration and Decisions on International Investment
and MNEs: Basic Texts'). The Guidelines are recommendations addressed to MNEs
operating in or from adhering countries (the 33 OECD Member States plus
Argentina, Brazil and Chile) and constitute voluntary principles and standards for
responsible business conduct. The content includes concepts and principles, general
policies, disclosure, employment and industrial relations, environmental protection,
combating bribery, consumer interests, science and technology, competition and
taxation. They have been reviewed on five occasions (1979, 1982, 1984, 1991 and
2000).
Promotion and implementation occurs through National Contact Points, the
OECD Committee on International Investment and Multinational Enterprises
(CIME) which periodically or at the request of Member States holds exchanges of
view, the two OECD advisory committees (the Business and Industry Advisory
Committee (BIAC) and the Trade Union Advisory Committee) and NGOs: see
Decision of the OECD Council and Procedural Guidance, 2000. The clarifications
procedure elucidates how the Guidelines apply ...