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Article

31 Jan 2010

Author:
Intl. Bar Association Working Group on OECD Guidelines for Multinational Enterprises

Response to the OECD Consultation on an update of the OECD Guidelines for Multinational Enterprises

The Guidelines were last updated in 2000. Since then major legal, economic, social and political developments have taken place. An update of the instrument is critical...[The] IBA have included a broad range of comments and ideas to help improve the instrument as a whole. The OECD must consider creating additional chapters to provide greater clarity to Multinational Enterprises .. The WG [Working Group] notes in particular, that the OECD consultation has been prompted in large part by the issuance of the “Protect, Respect, and Remedy” Framework promulgated by [UN Special Representative] John Ruggie... [The] IBA’s WG supports the Framework, endorses the relevance of the [Special Representative’s] questions to the OECD, and believes the Framework serves as a critical standard against which any revision of the OECD Guidelines must be compared and measured... [Recommends revisions on issues including Supply chains, Human rights, Disclosure, Anti-corruption, Environment, Consumer interests, Taxation, Risk awareness, National Contact Point procedures]