Drawing on broad stakeholder consultations, corruption case analysis and reviews of existing best practices, this guidance proposes concrete measures that companies should adopt to reduce corruption risks in their work with state-owned enterprises (SOEs) in the oil, gas and mining industries. It also recommends measures SOEs can take to strengthen their anticorruption safeguards.
The guidance for private-sector companies has five parts:
We are delighted to have been invited to participate in the B20 Indonesia Integrity and Compliance Task Force as Network Partner and Co-Chair.
This policy paper outlines three general recommendations for the G20 provided by the B20 Integrity and Compliance Taskforce under the B21 Italy 2021 process.
The Basel Institute on Governance was proud to serve as Network Partner to the B20 Integrity and Compliance Taskforce through its Collective Action team.
Key takeaways and perspectives on how to “step up global action for business integrity” from the 9th Conference of the States Parties (CoSP 9) to the United Nations Convention against Corruption at Sharm El Sheikh, Egypt.
The Policy on Responsible Investing of British International Investment (CDC Group until April 2022) supports the impact investor's dual mandate to "deliver responsible and sustainable development impact and to make sustainable financial returns".
It notably encourages the use of Collective Action as a way to go beyond compliance in tackling business integrity (BI) risks. Page 30 reads:
What can we learn from studying corrupt informal networks linking the public and private sectors? A lot – including how to build stronger multi-stakeholder partnerships against corruption through Collective Action.
This Policy Brief distils recommendations for Collective Action practitioners based on empirical insights on certain forms of corruption involving private-sector actors.
The Organisation for Economic Co-Operation and Development (OECD) has recommended the use of Collective Action to address corruption in its long-anticipated revised Recommendation of the Council for Further Combating Bribery of Foreign Public Officials in International Business Transactions ("2021 Anti-Bribery Recommendation").
The revised Recommendation of the Council for Further Combating Bribery of Foreign Public Officials in International Business Transactions ("2021 Anti-Bribery Recommendation") seeks to address challenges, good practices and cross-cutting issues that have emerged in the global anti-corruption landscape since 2009. It updates the 2009 revised Recommendation, which in turn updated the 1997 Revised Recommendation of the Council on Bribery in International Business Transactions.
A guest blog by Bernard O’Donnell, Head of Fraud Investigations at the European Investment Bank (EIB), and Sabine Zindera, Vice President, Legal and Compliance at Siemens AG and head of the Siemens Integrity Initiative.
When companies are sanctioned for wrongdoing, is there a way to turn the punitive sanction into a positive force – not only for those wronged, but for wider business integrity around the world?