The 1998 OECD Convention: An Impetus for Worldwide Changes in Attitudes Toward Corruption in Business Transactions

2008 ◽  
Author(s):  
Kathleen A. Lacey
Keyword(s):  
Business Transactions ◽  
Oecd Convention

scholarly journals ‘HOW WELL ARE WE DOING?’ THE UNITED KINGDOM AND ITS IMPLEMENTATION OF THE OECD ANTI-BRIBERY CONVENTION

2017 ◽  
Vol 29 (1) ◽  
pp. 109-130
Author(s):  
John Hatchard
Keyword(s):  
United Kingdom ◽  
International Business ◽  
Final Section ◽  
Good Practice ◽  
Public Officials ◽  
Business Transactions ◽  
The United Kingdom ◽  
Oecd Convention ◽  
The Uk

The Organisation for Economic Cooperation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the OECD Convention) entered into force on 15 February 1999. As at 31 May 2017, there were 41 State Parties (the Parties) comprising the thirty-five OECD member countries and six non-member countries.The United Kingdom (UK) ratified the Convention in 1998. The OECD Convention is supplemented by the Revised Recommendations of the Council of the OECD on Combating Bribery in International Business Transactions (the 2009 Recommendations),Annex I of which contains “Good Practice Guidance on Implementing Specific Articles of the Convention.”In March 2017, the OECD Working Group on Bribery in International Business Transactions (the WGB) published its Phase 4 Report on the United Kingdom’s implementation of the OECD Convention (Phase 4 Report).Having provided a short background section on the scope of the OECD Convention and the role of the WGB, the following section will review some of the key recommendations contained in the Phase 4 Report. In the final section, an assessment is made as to how well the UK is doing with regard to the implementation of its OECD Convention obligations.   

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