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Article

12 Dec 2016

Author:
Gorrissen Federspiel, Camilla C. Collet and Sarah Klaper

Denmark: Law firm evaluates risk for firms after 1st OECD Natl. Contact Point statement on Danish company’s lack of due diligence

...Danish corporations which operate internationally should note that the Danish NCP now has demonstrated that it can take an active role in overseeing Danish corporations’ compliance with the OECD Guidelines. To avoid the risk of becoming involved in proceedings before the NCP, Danish multinationals must familiarise themselves with the OECD Guidelines and incorporate the principles into their own activities as well as activities in their supply chain. In addition to recommendations on supply chain management, the guidelines contain recommendations on responsible business conduct in areas such as employment and industrial relations, human rights, environment, information disclosure, combating bribery, consumer interests, science and technology, competition, and taxation. Breaches in any of these areas may lead to corporations becoming involved in proceedings before the Danish NCP. Moreover, corporations must ensure that all of their compliance steps are duly documented...