“CEOs Call for Greater Adherence to UN Anticorruption Convention”

Jun 1st, 2009 • Posted in: Research Report

Signatories include heads of BASF, Fuji Xerox, General Electric, Novartis, and Royal Dutch Shell

From Transparency International:

“In an unprecedented move, chief executives from some of the world’s leading companies have called on governments to more effectively and robustly implement the United Nations Convention against Corruption.

“In a letter to UN Secretary-General Ban Ki-moon, the CEOs threw their support behind the world’s only universal anti-corruption instrument, stating that it ‘holds the promise of curbing corruption and creates a level playing field for all participants in the global economy’. They praised the Convention, describing it as ‘an essential instrument in the fight against corruption’, but they underlined the need for the establishment of an implementation review mechanism….

“‘Especially now, in a period of deep financial and economic turmoil, an effective implementation review mechanism is essential. The economic crisis will inevitably place severe strains on worldwide competition, threatening an erosion of ethical standards that will be hard to reverse,’ they warned….

“The CEOs provided ideas on how the mechanism should work….

“‘I deeply appreciate the leadership demonstrated by the corporate community in this critical matter,’ said UN Secretary-General Ban Ki-moon, in response to the letter by the CEOs. ‘The business advocacy for an effective review mechanism and the growing number of States adopting and implementing the Convention are evidence of a shared commitment to tackle corruption.’…

“The United Nations Convention against Corruption, adopted in December 2003, has been signed by 140 countries and ratified by 136 to date.”

For the full press release from Transparency International, May 7, click here.

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