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28 June, 2000The OECD has adopted revised global rules for multinational enterprises covering, amongst others, labour issues.
PARIS: The Trade Union Advisory Committee to the Organisation for Economic Cooperation and Development reports that on June 27, 2000, member countries of the OECD agreed to strengthen the process of establishing guidelines dealing with the conduct of multinational companies. According to the TUAC, the decision is an acknowledgement that "the business as usual approach to globalisation has failed, and that there is a need to establish new global rules covering labour, social, environmental and other issues, if globalisation is to work for Main Street as well as Wall Street."
A set of procedures for implementation of the Guidelines was also adopted. Among the issues dealt with in the new Guidelines are disclosure and performance rules for multinationals related to employment and industrial relations (including occupational health and safety), environment, bribery, consumer interests, science and technology, as well as competition and taxation.
For complete information and text of the revised Guidelines, access the TUAC and OECD websites from the associated link.
A set of procedures for implementation of the Guidelines was also adopted. Among the issues dealt with in the new Guidelines are disclosure and performance rules for multinationals related to employment and industrial relations (including occupational health and safety), environment, bribery, consumer interests, science and technology, as well as competition and taxation.
For complete information and text of the revised Guidelines, access the TUAC and OECD websites from the associated link.