Stakeholder Capitalism

OECD Chief Criticizes Panama's Financial Secrecy

April 14, 2016

In response to the "Panama Papers" leak, in which media outlets publicized funds secretly held in Panama by individuals and corporations, Organisation for Economic Co-operation and Development ("OECD") Secretary-General Angel Gurría has called on Panama to implement the OECD's global tax transparency standards to prevent the hiding of offshore funds.
NGOs Decry "Inadequate" UK Action on BHR Violations

April 07, 2016

In a recent petition, the nongovernmental organizations Amnesty International and CORE call on the British Government to grant its National Contact Point ("NCP") under the OECD Guidelines for Multinational Enterprises more authority to punish corporations, including through criminal sanctions, these NGOs accuse of violating the business and human rights ("BHR") agenda.
UN Pushes Sustainability Reporting by Small Companies

April 06, 2016

The UN Global Compact has announced an initiative through which it will support efforts by companies with fewer than 250 employees in publicly reporting their progress in implementing the UN's "sustainable development" agenda.
OECD Contact Point: Company Failed to Uphold Standards in DRC

April 06, 2016

The UK National Contact Point of the Organisation for Economic Co-operation and Development ("OECD") Guidelines for Multinational Enterprises has found that natural resources company ENRC violated the Guidelines through its subsidiaries' failure to consult with Democratic Republic of Congo ("DRC") villages over security and effects of their operations on the local water supply.
OECD Body Rates Countries' Compliance with Tax Agreement

March 31, 2016

The Organisation for Economic Co-operation and Development's ("OECD") Global Forum on Transparency and Exchange of Information for Tax Purposes has rated the performance of nearly one hundred jurisdictions on implementing the OECD's global agreement regarding the exchange of tax information and found that compliance with the deal is increasing.
NGO Files Complaint with OECD Body over Dam

March 31, 2016

The nongovernmental organization Survival International has filed a complaint with the Italian National Contact Point of the Organisation for Economic Cooperation and Development ("OECD") Guidelines for Multinational Enterprises alleging that the construction of a dam by industrial group Salini Impregilo violates the rights of native Ethiopian and Kenyan groups.
UN, NGO Push "Responsible Taxation" for Businesses

March 03, 2016

A webinar jointly hosted by the UN Global Compact and the Business & Human Rights Resource Centre places pressure on companies to "meet their own human rights responsibilities" by engaging in "responsible taxation" practices that help governments further their economic and social policies.
UN Business Network Prepares Local SDG "Action Plan"

February 25, 2016

UN Global Compact has announced the launch of its Local Network Sustainable Development Goal ("SDG") Action Plan, which will encourage the group's 80-plus local bodies to implement plans to advance the UN's comprehensive development agenda, including by establishing a "Pioneers" program honoring select companies that further the SDGs.
AI Criticizes "Obstacles" for Complaints at UK NCP

February 24, 2016

A review by Amnesty International ("AI") of the UK's National Contact Point ("NCP") for the OECD Guidelines for Multinational Enterprises calls on officials to limit obstacles the NCP has established that reduce the number of claims the body resolves and to provide for "consequences" for companies found to be in breach of the OECD Guidelines.
OECD Launches Outreach Effort for Corporate Tax Initiative

February 24, 2016

The Organization for Economic Co-operation and Development ("OECD") has announced a forum for "associate" countries to work with members of the OECD and G20 groups to shape a global system of financial information sharing, which will seek to limit tax avoidance by multinational corporations.