International Anti-Corruption Commitments

Title of the document

OECD Declaration on Propriety, Integrity and Transparency in the Conduct of International Business and Finance

(http://www.oecd.org/corruption...)

Issuing body

OECD

Brief description

It sets out the political commitments of OECD and other adhering countries in the areas of competition, corporate governance, investment and responsible business conduct, tax co-operation, anticorruption, interaction between government and business, quality of regulation and financial literacy and consumer protection.

Relevant excerpts

DECLARE that:

6) Bribery, and particularly bribery in international business transactions, undermines good governance and sustainable economic development, distorts international competitive conditions. Effective measures should be taken to ensure its prevention, including through awareness raising initiatives, prosecution and punishment.

8) Interaction between governments and business, including with respect to public procurement, lobbying and “revolving doors” practices, should be conducted in accordance with principles of transparency, integrity and fairness to all parties.

RECOMMEND:

Governments and private actors to take appropriate steps to implement this Declaration;