What are the Guidelines for Multinational Enterprises?
(top) The OECD Guidelines for Multinational Enterprises, hereafter referred to as the Guidelines, were drawn up in the 1970s, a decade during which the activities of corporations became a topic of discussion among international organisations. The sometimes negative impact of corporations on developing countries was given increased attention and harmful activities of companies to countries where they were established met growing opposition. The legal regulation of businesses was called for and international guidelines controlling their conduct were set up by international organisations such as the OECD. The Guidelines were adopted on 21 June 1976 by all OECD member states, except for Turkey, as part of a package which consisted of the Declaration on International Investment and Multinational Enterprises, for the facilitation of direct investment among OECD member countries, together with four instruments related to the Declaration. The OECD Guidelines for Multinational Enterprises are n
