OECD Guidelines for Multinational Enterprises
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OECD Guidelines for Multinational Enterprises are recommendations jointly on corporate responsibility from 40 governments to companies doing business in these countries. The guidelines are voluntary, but communication is maintained at each country's National Contact Point, NCP.
OECD Guidelines for Multinational Enterprises content explained briefly:
- General: Respect human rights, contribute to sustainable development and employee training.
- Information: Provide good information about their business and their products and services, both financial and other.
- Employees: Respect the employees' union rights, to cooperate in various ways with employee representatives and discourage child labor. Communicate and inform about negative effects and impacts regarding closures and downsizing.
- Environment: Strive for continuous improvement. Protect the environment, health and safety, for example through environmental management systems and to apply precautionary actions. Develop and provide products and services without environmental impact.
- Corruption: Do not distribute bribes; promote transparency and employee awareness of company policies against bribery.
- Consumer Interests: Providing information about products to consumers and establish procedures to resolve consumer disputes.
- Science and technology: Strive to transfer technology and knowledge to the host country.
- Competition: Not working with competitors to restrict competition.
