OECD Guidelines for Multinational Enterprises
The submission to the Organisation for Economic Co-operation and Development (OECD) in response to a public consultation on the OECD Guidelines for Multinational Enterprises (OECD Guidelines) was prepared by the Law Council of Australia.
The Law Council of Australia notes that this consultation is an opportunity to reflect on the position of the OECD Guidelines as a set of non-binding recommendations from government to business with respect to responsible business conduct.
They represent a global framework for such conduct covering all areas of business responsibility including disclosure, human rights, employment and industrial relations, environment, anti-corruption, competition and taxation.
As a member of the OECD, Australia is committed to promoting the use of the OECD Guidelines and their effective implementation. The Law Council has long supported implementation of the OECD Guidelines, in particular the role of Australia’s National Contact Point.
At the same time, the Law Council recognises that a number of developments have occurred since the OECD Guidelines were last revised in 2011 which may have a bearing on how they are implemented today.
You can read the full submission below.