The Global Compact Anti-Corruption principle is derived from the United Nations Convention
against Corruption.
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery
Corruption is recognized to be one of the world's greatest challenges. It is a major hindrance
to sustainable development, with a disproportionate impact on poor communities and is corrosive on
the very fabric of society. The impact on the private sector is also considerable - it impedes
economic growth, distorts competition and represents serious legal and reputational risks.
The rapid development of rules of corporate governance around the world is also prompting
companies to focus on anti-corruption measures as part of their mechanisms to protect their
reputations and the interests of their shareholders. Their internal controls are increasingly being
extended to a range of ethics and integrity issues and a growing number of investment managers are
looking to these controls as evidence that the companies undertake good business practice and are
well managed.
By partnering with the UN Office on Drugs and Crime (UNODC), Transparency International
(TI), the International Chamber of Commerce (ICC ), the World Economic Forum Partnership Against
Corruption Initiative (PACI) and the World Bank Institute (WBI), the UN Global Compact contributes
to the fight against corruption by providing a platform for learning and dialogue and by offering
guidance to companies on how to implement principle 10.
CEO Letter calls for Greater Adherence to UN Anti-Corruption ConventionIn a Letter to UN Secretary-General Ban Ki-moon, Chief Executives from leading companies called on governments to more effectively and robustly implement the Convention by adopting an effective implementation review mechanism at the next Conference of States Parties to be held in Doha in November 2009. The letter was signed by 24 CEO's at the invitation of the International Chambre of Commerce, Transparency International, the World Economic Forum-Partnering Against Corruption Iniatitive and the Global Compact and initiates a broader campaign inviting business leaders across the globe to sign the statement in support of the Convention. Global Compact Launches Reporting Guidance on CorruptionA task force of the Global Compact Working Group on Anti-Corruption developed a guidance document on Anti-Corruption Reporting. The tool provides practical guidance on a broad set of reporting elements and is rooted in existing reporting practice. Companies are invited to participate in a field test. Global Compact Working Group on the 10th PrincipleThe goal of the multi-stakeholder working group is to provide strategic input to the Global Compact’s work on anti-corruption and to define the needs of the business community in implementing the 10th principle. The Working Group aims to contribute to greater coherence by supporting the alignment of existing initiatives and avoiding the duplication of efforts. >> Working Group Members (pdf) | Working Group Objectives (pdf) |
Ms. Olajobi Makinwa
Issue Manager Anti-Corruption
UN Global Compact
makinwa@un.org
+ 1 917 367 2283
(Last update 18 March 2009)
