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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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Meeting of National Contact Points – an Overview of Guidelines Implementation

Every year, the National Contact Points (NCPs) of the OECD Guidelines for Multinational Enterprises (“the Guidelines”) meet to review their experiences in performing and promoting the implementation of the Guidelines. They also engage in consultations with the Business Industry Advisory Committee (BIAC), the Trade Union Advisory Committee (TUAC), and with nongovernmental organisations (NGO), notably OECD Watch, to seek their inputs on how to further enhance the effectiveness of the Guidelines. Additionally, a back-to-back roundtable with practitioners is organised to assist NCPs to better understand emerging issues and policy developments relevant to the Guidelines. This year’s event took place on 18-20 June 2007. The Corporate Responsibility Roundtable was devoted to the financial sector and the role of the Guidelines.

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