Edited by Stephen Tully
Chapter 6: Additional initiatives
i. OECD: Guidelines for Multinational Enterprises, 2000 Commentary: The OECD (www.oecd.org) promotes policies for achieving the highest sustainable economic growth and employment, rising living standards, financial stability and the expansion of multilateral trade (Art 1, OECD Convention, 1960; entry into force 1961). Member States are largely industrialised countries. The Guidelines for MNEs form part of the 1976 Declaration on International Investment and MNEs, a political commitment to facilitate investment within the OECD. The Declaration additionally included legally binding decisions with respect to national treatment, conflicting requirements and international investment incentives and disincentives (see OECD, ‘Declaration and Decisions on International Investment and MNEs: Basic Texts’). The Guidelines are recommendations addressed to MNEs operating in or from adhering countries (the 33 OECD Member States plus Argentina, Brazil and Chile) and constitute voluntary principles and standards for responsible business conduct. The content includes concepts and principles, general policies, disclosure, employment and industrial relations, environmental protection, combating bribery, consumer interests, science and technology, competition and taxation. They have been reviewed on five occasions (1979, 1982, 1984, 1991 and 2000). Promotion and implementation occurs through National Contact Points, the OECD Committee on International Investment and Multinational Enterprises (CIME) which periodically or at the request of Member States holds exchanges of view, the two OECD advisory committees (the Business and Industry Advisory Committee (BIAC) and the Trade Union Advisory Committee) and NGOs: see Decision of the OECD Council and Procedural Guidance, 2000. The clarifications procedure elucidates how the Guidelines apply to particular business situations and is...
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