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").
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?
Our Collective Action team has launched a Mentoring Programme to support civil society / non-profit organisations that work with the private sector and other stakeholders on tackling corruption.
Through the Mentoring Programme, eligible organisations can gain tailored advice, support and technical assistance from our team's experts in anti-corruption compliance and Collective Action – all for free.
Registration is now open for the 5th Global Conference on Criminal Finances and Cryptocurrencies on 7–8 December 2021. The virtual conference explores trends, strategies and tactics in tackling crimes involving virtual assets.
A joint initiative of the Basel Institute on Governance, INTERPOL and Europol, the annual event now draws hundreds of experts and interested parties from around the world.
The Metals Technology Initiative (MTI), an anti-corruption Collective Action initiative of four leading firms in the metals technology industry, has launched a website to make its guidance on Gifts and Hospitality and on Third-Party Due Diligence freely accessible to all.
In 2020, the Basel Institute on Governance with the support of the Siemens Integrity Initiative launched a series of roundtable discussions that brought companies together to analyse the potential nexus between corporate efforts to protect human rights and prevent corruption.
Publication
Key developments in mandatory human rights due diligence and supply chain law: Considerations for employers
Human rights are a key concern for business. As the global voice of business, IOE is deeply engaged in the business and human rights agenda and strongly supports the UN Guiding Principles on Business and Human Rights (UNGPs). The UNGPs were endorsed by the UN Human Rights Council in its resolution 17/4 of 16 June 20111.
Our fourth Communication on Engagement to the United Nations Global Compact details our support over the last two years for the UN Global Compact and its results.
Non-business participants, including the Basel Institute, submit the CoE every two years.
Prepared by our Collective Action team, our 2021 submission is available on the UN Global Compact website here and copied below.
A guest blog by Elisabeth Danon, Legal Analyst, OECD Anti-Corruption Division.
How can governments in South East Europe partner with the vibrant business sector and civil society to help combat corruption?
OECD experts and practitioners shared some novel ideas on this question at a two-day webinar on Collective Action – Building Alliances Against Corruption in South East Europe on 16 and 17 September.
News
B20-G20 dialogue: G20 Member States need a multi-stakeholder approach to integrity in procurement
Speaking at a B20-G20 dialogue on 13 September, the Basel Institute’s Managing Director Gretta Fenner called on G20 Member States to commit to and support the implementation of a multi-stakeholder approach to promoting integrity in procurement.