14 December 2005 -- The United Nations Convention against Corruption entered into force today, 14 December 2005. The Convention, adopted by the United Nations General Assembly in October 2003, has been signed by 140 countries and ratified by 38. It is the first legally binding global instrument designed to help Member States fight corruption in both the public and private sectors. Recognizing the important role the private sector has in combatting corruption, the Global Compact adopted a 10th principle on anti-corruption in June 2004 -- a principle derived from the UN Convention against Corruption. The 10th principle states: "Businesses should work against corruption in all its forms, including extortion and bribery".
9 December 2005 -- In a collaborative move to support business’ fight against corruption and bribery in all its forms, the World Economic Forum Partnering Against Corruption Initiative, the International Chamber of Commerce Commission on Anti-Corruption, Transparency International and the United Nations Global Compact have agreed to coordinate their efforts. In order to increase their combined impact, the four parties committed to disseminating good practice and guidance materials and to supporting each other's implementation and compliance tools.
1 December 2005 - - To help companies deal with corruption in every aspect of their operations the United Nations Global Compact, the Prince of Wales International Business Leaders Forum, and Transparency International, jointly published a new publication - "Business against Corruption - a framework for action". It is a first guide to companies preparing themselves to implement the objectives of the tenth principle and to deal with corruption in every aspect of their operations. It provides a road map to sources and tools which will assist in the practical application of policies designed to eliminate corruption.
Please contact Ms. Birgit Errath (email@example.com) for more information.