OECD Guidelines for Multinational Enterprises on Responsible Business Conduct (2023 Update)
Anti-Bribery and Political Engagement

OECD Guidelines for Multinational Enterprises on Responsible Business Conduct (2023 Update) OECDMNE-6: Combating Bribery and Other Forms of Corruption + Transparency in Political Engagement

Adhere to OECD MNE Guidelines Chapter VII (Combating Bribery + Other Forms of Corruption) aligned with OECD Anti-Bribery Convention + UN Convention Against Corruption. MNEs should (a) not directly or indirectly offer + promise + give + or demand a bribe or other undue advantage to obtain or retain business or other improper advantage + (b) develop and adopt adequate internal controls + ethics and compliance programmes or measures for preventing and detecting bribery + including a periodic review for assessing effectiveness + (c) prohibit or discourage the use of small facilitation payments which are generally illegal in the countries where they are made and when made should be accurately accounted for in books and financial records + (d) ensure properly documented due diligence pertaining to the hiring as well as appropriate and regular oversight of agents + (e) enhance transparency of their activities in the fight against bribery + extortion + (f) promote employee awareness of and compliance with company policies and internal controls + (g) not make illegal contributions to candidates for public office or to political parties or to other political organisations + political contributions should fully comply with public disclosure requirements + (h) refrain from any improper involvement in local political activities. Anti-bribery and anti-corruption must (a) align with OECD Anti-Bribery Convention + FCPA + UK Bribery Act + national equivalents + (b) maintain risk-based diligence on third parties + agents + joint ventures + agents + acquisitions + (c) maintain accurate books and records + internal controls + (d) operate effective whistleblower channels with non-retaliation guarantees + (e) cooperate with regulator investigations + (f) integrate with corporate compliance programme.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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