International Anti-Corruption Commitments

Title of the document

Anti-Corruption Action Plan for Asia and the Pacific

(https://www.oecd.org/daf/anti-...)

Issuing body

31 countries in the Asia-Pacific region

Brief description

This is the main international anti-corruption commitment in the region, and it defines the participating countries' objectives in building sustainable legal and institutional frameworks to fight corruption.

Relevant excerpts

Pillar 2 – Strengthening Anti-Bribery Actions and Promoting Integrity in Business Operations

Corporate Responsibility and Accountability

Take effective measures to promote corporate responsibility and accountability on the basis of existing relevant international standards through:

· Promotion of good corporate governance which would provide for adequate internal company controls such as codes of conduct, the establishment of channels for communication, the protection of employees reporting corruption, and staff training;

· The existence and the effective enforcement of legislation to eliminate any indirect support of bribery such as tax deductibility of bribes;

· The existence and thorough implementation of legislation requiring transparent company accounts and providing for effective, proportionate and dissuasive penalties for omissions and falsifications for the purpose of bribing a public official, or hiding such bribery, in respect of the books, records, accounts and financial statements of companies;

· Review of laws and regulations governing public licenses, government procurement contracts or other public undertakings, so that access to public sector contracts could be denied as a sanction for bribery of public officials.