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  • May, 2011
  • By: 
    Organisation for Economic Co-operation and Development (OECD)

Guidelines for Multinational Enterprises

The OECD Guidelines for Multinational Enterprises are far reaching recommendations for responsible business conduct that 44 adhering governments – representing all regions of the world and accounting for 85% of foreign direct investment – encourage their enterprises to observe wherever they operate. They guidelines provide non-binding principles and standards for responsible business conduct in a global context consistent with applicable laws and internationally recognised standards. The Guidelines aim to promote positive contributions by enterprises to economic, environmental and social progress worldwide. The Guidelines are supported by a unique implementation mechanism of National Contact Points (NCPs). An NCP is a national agency established by adhering governments to promote and implement the Guidelines. The NCPs assist enterprises and their stakeholders to take appropriate measures to further the implementation of the Guidelines. They also provide a mediation and conciliation platform for resolving practical issues that may arise.

 
 
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