OECD Guidelines for Multi-national Enterprises
• The Guidelines for International Enterprises issued
by the Organisation for Economic Co-operation and Development (OECD) represent a code
of behaviour for responsible business activity.
• Drafted initially in 1976 and revised in 2000, the Guidelines
constitute the most comprehensive set of recommendations by governments for carrying
on business, but they are not binding on the business enterprises.
• The countries party to the agreement set up “national contact agencies”,
where one can lodge protests against violations of the Guidelines.
• However, the deficient transparency and effectiveness of the contact agencies have evoked criticism.