For more than 50 years, The Organisation for Economic Co-operation and Development (OECD) has helped forge global standards, international conventions, agreements and recommendations in areas such as governance and the fight against bribery and corruption, corporate responsibility, development, international investment, taxes, and the environment, to mention a few. Co-operation, dialogue, consensus and peer review drive the OECD as it seeks to fulfill its vision of a stronger, cleaner, fairer world economy and society.
The OECD has created an important blueprint for anti-bribery compliance programs, through its anti-bribery Working Group (“the OECD Working Group”). The February 2010 publication of its Good Practice Guidance on Internal Controls, Ethics and Compliance (“Good Practice Guidance” or “the Guidance”) is an Annex II to the November 26, 2009 Guidance. It made further recommendations for Combating Bribery of Foreign Public Officials in International Business Transactions 1 (“the 2009 Recommendations”). The Good Practice Guidance sets out in helpful detail the elements of a good anti-bribery compliance approach.