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5 Key points about the OECD Guidelines on Responsible Business Conduct for Multinational Enterprises
The Head of the UK National Contact Point for OECD Guidelines on Responsible Business Conduct for Multinational Enterprises, Julia Lewis, recently spoke about her work to the ICAEW Corporate Governance Committee. Here she shares the key points from her talk.
The OECD Guidelines on Responsible Business Conduct for Multinational Enterprises (the OECD Guidelines) set out voluntary principles and standards for multinational enterprises on a range of responsible business conduct topics such as governance, disclosure, human rights, employment, the environment, bribery, consumer interests, competition and taxation.
They were first published in 1976 as part of the OECD Investment Declaration. All 48 countries, including the UK, that are signed up to that declaration have committed to setting up a National Contact Point (NCP) to promote the OECD Guidelines and to provide a non-judicial complaints mechanism for businesses who do not observe them.