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The Guidelines are legally non-binding, but the OECD Investment Committee and its Working Party on Responsible Business Conduct encourage implementation among adherents. The most concrete manifestation of government commitment to the principles set forth in the Guidelines are the National Contact Points (NCPs), which are offices charged with ...
The OECD promotes the Declaration on International Investment and Multinational Enterprises and the OECD Guidelines for Multinational Enterprises, last revised in 2011. In addition, from May 2006, the OECD has promoted a non-binding set of "good practices" for attracting investment, known as The Policy Framework for Investment (PFI). [44]
In the age of computers, Europeans' guardedness of secret government files has translated into a distrust of corporate databases, and governments in Europe took decided steps to protect personal information from abuses in the years following World War II. [32] (Germany) and France, in particular, set forth comprehensive data protection laws. [33]
The OECD AI Principles [58] were adopted in May 2019, and the G20 AI Principles in June 2019. [55] [59] [60] In September 2019 the World Economic Forum issued ten 'AI Government Procurement Guidelines'. [61] In February 2020, the European Union published its draft strategy paper for promoting and regulating AI. [34]
However, it can have an influence on national policies through soft laws, by issuing "recommendations", "guidelines" and other "manuals", to which countries or companies can refer. Some of these guidelines have become de facto standards, such as the OECD Guidelines for the Testing of Chemicals or the OECD Model Tax Convention.
The OECD is responsible for the OECD Guidelines for the Testing of Chemicals, a continuously updated document that is a de facto standard (i.e., soft law). [ 71 ] It published the OECD Environmental Outlook to 2030 in March 2008, which argues that tackling key environmental problems—including climate change , biodiversity loss , water ...
The Act provides for 8 principles that data processors have to take into account in processing data, in order to protect the privacy of individuals. These principles are similar to the OECD Guidelines [6] and the Data Protection Directive of the European Union. [7] The data protection principles are enumerated at Section 17 as follows ...
The convention is open to accession by any country which is a member of the OECD or has become a full participant in the OECD Working Group on Bribery in International Business Transactions. As of 2018, 46 countries (the 38 member countries of the OECD and 8 non-member countries) have ratified or acceded to the convention: [10]