OECD Adopts Proposals Against Corruption of Foreign Government Officials

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Wednesday, June 1, 1994
On May 27, 1994, the Organization for Economic Cooperation and Development in a statement expressed that its members have agreed on recommendations on steps to try to prevent bribery of foreign government officials, calling on Member countries to take effective measures to deter, prevent and combat bribery of foreign public officials. The measures should include reviewing their criminal, civil, and administrative laws and regulations and taking "concrete and meaningful steps" to fulfill this goal, as well as strengthening international cooperation. The initiative is expected to serve as a catalyst for global action and could help companies refuse to engage in such practices in host countries by establishing standards of behavior to which they could refer?[more]