News Brief New ICC Tool Responds to G20 AntiCorruption Call

The International Chamber of Commerce (ICC), part of USCIB’s global network, has unveiled the latest addition to its suite of tools to help business stamp out corruption: the ICC anti-corruption clause.

Designed for inclusion in any contract, the clause is part of ICC’s commitment to supporting implementation of the United Nations Convention against Corruption (UNCAC) and more active engagement with the Organization for Economic Cooperation and Development (OECD) Anti-Bribery Working Group. It delivers a pragmatic response to calls from G20 leaders for the private sector to play an active role in fighting corruptive practices.

The new clause provides a contractual basis for parties to commit to complying with ICC’s voluntary Rules on Combating Corruption or to implement a corporate anti-corruption compliance program.

Available to download free of charge from ICC’s remodeled website, the clause can support both small- and medium-sized enterprises (SMEs) and multinational companies in their efforts to prevent their contractual relationships being affected by corruption.

Read more on ICC’s website.

More on USCIB’s Trade and Investment Committee

Staff Contact:   Shaun Donnelly

VP, Investment and Financial Services
Tel: 202.682.1221

Shaun Donnelly oversees USCIB’s work on foreign investment policy, treatment of multinational enterprises, financial services and anti-corruption. A career diplomat who has held several senior executive branch posts and joined USCIB in 2011, Donnelly leads business efforts to open markets abroad for American investment and financial services, and to promote high standards of protection for cross-border investment, both in the United States and overseas.
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