B20 France (2011)

Business participation in the G20 South Korea cycle in 2010 took the form of the B20 Cannes Business Summit. There were no taskforces in this year.

Policy document: Cannes B20 Business Summit report 2011

Anti-Corruption: Corruption is an intolerable impediment to the efficiency of the global economy, to fair competition among companies of all sizes and nationalities, and to sustainable global development. Such illicit behavior is an obvious cause of distortion of competitive markets as well as the hampering of economic growth and efforts to eradicate poverty.

We have identified four initiatives that can move the fight against corruption forward on a global basis. They are: 

  • Create a G20/B20 joint platform, supported by an explicit business commitment and accountable to G20 and B20 leaders, to maintain an ongoing, multiyear dialogue. 
  • Building on the Seoul Action Plan, G20 governments should 1) accelerate their commitment to ratify, enforce and monitor the implementation of the OECD and UN conventions on anticorruption; 2) support negotiations within the WTO for a multilateral agreement on standards for procedures and transparency in government procurement; 3) incentivize enterprises to establish effective policies and procedures to prevent corruption, and 4) recognize public bodies and officials that demonstrate leadership in fighting corruption. 
  • Business must also play its part. The B20 undertakes to identify and launch appropriate collective action processes to address problems linked to specific country or regional contexts and industry sectors. The B20 also will promote the sharing of best practices, training materials and resources: 1) among the various sector-specific initiatives; 2) with public sector entities implementing integrity programs to combat the demand side of corruption; and 3) with small- and medium-sized entities lacking the experience and resources of multinational companies. 
  • Business and government must work together to raise awareness of the costs and risks of corruption, especially by promoting education on ethics and business integrity at all level of public and private education.