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OECD Guidance on Internal Controls, Ethics, Compliance

Melissa Klein Aguilar | March 8, 2010

The Organization for Economic Co-operation and Development has issued new guidance on internal controls, ethics, and compliance to help its member countries implement anti-bribery strategies.

The OECD Working Group on Bribery has issued "Good Practice Guidance on Internal Controls, Ethics, and Compliance," which calls for companies in the 38 countries that are party to the OECD Anti-Bribery Convention to put in place strict internal controls and establish ethics and compliance programs as part of a strategy to combat bribery in international business deals.

The March 3 guidelines "put further meat on the bones" of the Working Group's November recommendations, which contained, among a number of key guidelines, "an important...

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