The debate around corporate purpose intensified this year when the US Business Roundtable published a new ‘statement of purpose’ which relegated shareholders to just one of several key stakeholders. This post by Andrew Cave of Baillie Gifford examines what we mean by corporate purpose and why trust is a critical component.
Blog by Balazs Gyimesi, Jeroen Michels & Pelagia Patsoule, Public Sector Integrity Division, OECD. While no country is stranger to the harms of corruption and bribery, international co-operation can help find solutions to strengthen public integrity systems. Take the example of Thailand's partnership with the OECD. In Thailand, over 40% of surveyed citizens reported that … Continue reading International Co-operation to Strengthen Public Integrity: the Case of Thailand
By: Charles Price, Deputy Director at HM Treasury, United Kingdom In a recent talk at the UCL Institute of Innovation and Public Purpose, Brian Eno said “I like bureaucrats…They get a bad deal because they don't look as glamorous as artists. But actually what they're doing is stabilising knowledge, keeping things running, and sometimes innovating … Continue reading The knowledge economy, intangible assets and public wealth
Only one hundred companies produce over 70% of greenhouse gas emissions so they should also be responsible for taking action to address the impacts of climate change. On the occasion of the 2019 Responsible Business and Human Rights Forum, OECD's Cristina Tébar Less, looks at the actions business is expected to take. It is widely … Continue reading How can business meet its responsibility to address climate change?
The economies across the Middle East and North Africa region are looking to mobilise investment, private sector development and entrepreneurship to support economic growth and employment. The OECD's Fianna Jurdant shares some insights from a new OECD report on how sound corporate governance can help achieve this goal.
International investment, and in particular foreign direct investment, has an important role to play in helping to achieve the Sustainable Development Goals. Karl Sauvant looks at what it takes.
By: Jacopo Leone, Associate Democratic Governance Officer, OSCE Office for Democratic Institutions and Human Rights (ODIHR), Warsaw The public accountability and transparency of parliaments are keystone principles to which all OSCE participating States have subscribed. In 1990, they declared in Copenhagen that “the will of the people, freely and fairly expressed through periodic and genuine … Continue reading Taming Parliamentary Integrity: A Changing Foundation of Democracy
SOEs sit at the centre of economic decision-making in many countries worldwide. Patrick Heller discusses how open data has the potential to improve their governance.
The privatisation of state-owned enterprises (SOEs) is complex and accompanied by multiple challenges. One of these challenges is how to manage the risk of corruption. OECD’s Mathilde Mesnard examines why privatisations of SOEs carry a risk of corruption and what the OECD is doing to help.
By: Blair Glencorse, Executive Director of the Accountability Lab; Friday Odeh Country Director of Accountability Lab, Nigeria; Moussa Kondo; Country Director of Accountability Lab, Mali. Follow the Lab on Twitter @accountlab. There has been a deluge of corruption-related news and scandals around the world this year. The President of Guatemala has expelled a key UN … Continue reading Turning The Tide Against Corruption Through “Naming and Faming”