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International Anti-Corruption Conference Underscores Importance of Global Compact Guidance

(Bangkok) – The 14th International Anti-Corruption Conference concluded today with a pledge by attending nations to accelerate efforts to fight corruption and fully honor existing anti-corruption agreements. Recognizing that the UN Convention Against Corruption needs wider implementation, it was noted that private sector, investors and civil society are positioned to facilitate uptake of the Convention.

The importance of transparency and disclosure were stressed throughout the conference. Key resources to facilitate business efforts to emphasize disclosure were identified, including the UN Global Compact Guidance on Reporting on the 10th Principle Against Corruption.

The Bangkok Declaration, an outcome statement from the event, indicates: “Investors need anti-corruption metrics for decision-making although corporate culture cannot be measured. Companies should disclose anti-corruption policy using the UN Global Compact Guidance to help investors understand risks. A mixture of company disclosure, investor awareness and regulatory action is required.”

“Corruption erodes trust and undermines good governance. With the G20 strongly backing the UN Convention Against Corruption, business has now an opportunity to lead anti-corruption efforts. The UN Global Compact’s disclosure framework offers a blueprint for doing so,” said Olajobi Makinwa, Head of Anti-Corruption, UN Global Compact.

The 14th International Anti-Corruption Conference gathered over 1,200 representatives from civil society, Government, academia and the private sector.

Contact
Matthias Stausberg
UN Global Compact
+1 (212) 917 367-3423
stausberg@un.org