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Annual Report on the OECD Guidelines for Multinational Enterprises 2007

Corporate Responsibility in the Financial Sector

image of Annual Report on the OECD Guidelines for Multinational Enterprises 2007

The OECD Guidelines for Multinational Enterprises are recommendations to international business for conduct in such areas as labour, environment, consumer protection and the fight against corruption. The recommendations are made by the adhering governments and, although not binding, governments are committed to promoting their observance.  This Annual Report provides an account of the actions the 39 adhering governments have taken over the 12 months to June 2007 to enhance the contribution of the Guidelines to the improved functioning of the global economy. This edition of the annual report focuses on corporate responsibility in the financial sector.

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APPENDIX A - Background – The Role of the National Contact Points in the Implementation of the OECD Guidelines For Multinational Enterprises

The institutions that promote and implement the Guidelines are set forth in the OECD Council Decision, a binding declaration subscribed to by all adhering countries. The Council Decision requires each adhering government to set up a National Contact Point. These play a key role of any Guidelines institution in establishing the Guidelines as an effective and vital tool for international business (see Diagram below). The National Contact is responsible for promoting the Guidelines in its national context and contributing to a better understanding of the Guidelines among the national business community and other interested parties.

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