Edited by Stephen Tully
Chapter 115: USÂ„Russia: Basic Guidelines for Codes of Business Conduct 1992
115. US–Russia: Basic Guidelines for Codes of Business Conduct, 1992 Commentary: In 1992 the US Department of Commerce established a Business Information Service for the Newly Independent States (BISNIS) for US companies exploring business opportunities within Russia as well as the Newly Independent States. These Basic Guidelines (www.bisnis.doc.gov/bisnis/country/codebusen.htm) were formulated by the Russian Chamber of Commerce and Industry, the US–Russia Business Development Committee, Russian and American trade organisations and individual businesses. See also, Slepak Foundation (1987), ‘Slepak Principles’, which were designed to assist US corporations to conduct business within the former Soviet Union. For academic commentary, see Perez-Lopez J.F. (1993), ‘Promoting respect for worker rights through business codes of conduct’, Fordham International Law Journal, 17, 1–35. Introduction In today’s interconnected and interdependent world, where borders between states are becoming increasingly transparent, principles in business conduct are becoming criteria for building a good reputation in the international business community; they are the basis on which first impressions are formed and ongoing relationships maintained. The purpose of this set of guidelines is to articulate general principles and standards that have been accepted in international business transactions. Although these principles apply generally, they are not intended to be an all encompassing set of business practices and corporate principles. They must be adopted and implemented on a sector-by-sector and enterprise-by-enterprise basis to take into account applicable laws, regulations, and other specific circumstances (such as the size of the enterprise). Principles in Personal and Professional Relations No laws or contracts can anticipate...
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