Recommended NZ | Guide to Money | Gimme: Competitions - Giveaways

OECD Working Group On Bribery Recognised As Anti-Corruption Leader

Contributor:
Fuseworks Media
Fuseworks Media
OECD Working Group On Bribery Recognised As Anti-Corruption Leader

The Society of Corporate Compliance and Ethics (SCCE) has awarded its International Compliance Award to the OECD and its Working Group on Bribery.

OECD Secretary-General Angel Gurra, who has made the fight against bribery and corruption one of the key pillars of the OECD's Strategic Objectives, thanked the SCCE for this recognition: "The Anti-Bribery Convention is the cornerstone of the OECD's Anti-corruption Strategy, which aims to fight both the demand and the supply side of corruption. This prestigious award to the OECD and its Working Group on Bribery encourages us to continue this important endeavour".

The award recognises individuals and organisations that have contributed to ethical standards that comply with international codes of corporate conduct. This year, the OECD Working Group on Bribery was chosen for its new Recommendation on Further Combating Bribery of Foreign Public Officials in International Business Transactions and its Good Practice Guidance on Internal Controls, Ethics and Compliance. "The new OECD anti-bribery efforts represent great strides in the promotion and recognition of effective compliance and ethics programs around the world," said SCCE CEO Roy Snell. "The leadership demonstrated by the OECD made this year's International Compliance Award decision easy."

These new anti-bribery instruments strengthen the legal framework of the OECD Anti-Bribery Convention by emphasizing the critical role the private sector plays in curbing corruption in cross-border business deals. In particular, the Good Practice Guidance calls on companies to protect themselves against the risks of foreign bribery by putting in place strict internal controls and establishing ethics and compliance programmes.

Mark Pieth, Chairman of the OECD Working Group on Bribery, explained that "The Group has focused more and more on the important role the private sector plays in the fight against foreign bribery and on setting standards for companies. This award is a sign that we're moving in the right direction."

All articles and comments on Voxy.co.nz have been submitted by our community of users. Please notify us if you believe an item on this site breaches our community guidelines.