Framework & Principles
This section contains principles to promote good corporate governance and counter corruption. The documents concerned were compiled by a number of key international organisations and because the respective organisations work(ed) either closely together, or have based their principles on those of other organisations, some overlaps do occur. For more information on the organisations mentioned in this section, consult the Global Organisations page.
The Organisation for Economic Co-operation and Development (OECD) developed its Principles of Corporate Governance in conjunction with national governments, other relevant international organisations and the private sector. The document contains a set of corporate governance standards and guidelines. The text is split into principles and annotations to these principles. It contains chapters on “disclosure and transparency”, offers non-binding standards and good practices, as well as guidance on implementation which can be adapted to the specific circumstances of individual countries and regions.
The Transparency International Business Principles for Countering Bribery reacts to the needs of companies to have effective systems against bribery in place. The approach ranges from internal policies and practices, to how to deal with business partners and the supply chain. The content is offered in a pragmatic way and promotes good practice. The Business Principles are intended for use by enterprises both as a tool that reflects good anti-bribery practice and for benchmarking an enterprise’s own practices. They can be used as a starting point for assessing or developing practice, but also assist enterprises in implementing or reviewing their anti-bribery programmes. The guide focuses on bribery and not corruption in general. TI also developed a six step practical guideline to better implement these principles.
In addition, TI has elaborated these Business Principles for Small and Medium Enterprises (SMEs) including a Guidance Document.
The World Economic Forum’s Partnering Against Corruption - Principles for Countering Bribery (“PACI Principles”) were derived from Transparency International’s Business Principles for Countering Bribery (see section above). They are intended to assist enterprises in eliminating bribery, to demonstrate their commitment to countering bribery and to make a positive contribution to improving business standards of integrity, transparency and accountability wherever they operate. The PACI Principles commit signatory companies to two basic actions: the adoption of a zero tolerance policy on bribery and the development of a practical and effective internal programme for implementing that policy. The document comprises principles, information on how to develop a programme to counter bribery, scope and guidelines for the programme as well as requirements to implement it.
International Chamber of Commerce
The 2005 edition of the ICC Rules of Conduct and Recommendations to Combat Extortion and Bribery consists of three parts: Part I contains substantive rules and implementation procedures for voluntary application by enterprises; Part II sets forth follow-up activities by the ICC Commission on Anti-Corruption for the promotion of the Rules of Conduct; Part III covers the work of the ICC Commission on Anti-Corruption with international organisations and national governments to strengthen the legal and administrative framework to combat bribery and extortion.
UN Global Compact, IBLF & Transparency International
Business Against Corruption (BAC) - A framework for action - Implementation of the 10th UN Global Compact Principle against corruption is a joint publication by the UN Global Compact, the International Business Leaders Forum (IBLF) and Transparency International. The document focuses on practical steps to fight corruption for the internal, external and collective use of corporations. These steps are based on the 10th Principle of the UN Global Compact: “Businesses should work against corruption in all its forms, including extortion and bribery.” They also take into account the OECD Guidelines, approaches of the ICC and Transparency International’s six steps process to counter bribery, mentioned earlier in this section.